Amplitude (NASDAQ:AMPL) Stock Gets Price Target Bump from KeyCorp

Amplitude (NASDAQ:AMPL) had its target price raised by stock analysts at KeyCorp from $14.00 to $22.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp‘s price objective suggests a potential upside of 31.74% from the company’s previous close.

Other analysts have also issued research reports about the company. Weiss Ratings upgraded Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. UBS Group boosted their price objective on shares of Amplitude from $8.50 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Citigroup increased their target price on shares of Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Morgan Stanley lifted their price target on shares of Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Finally, Bank of America upped their price target on shares of Amplitude from $14.00 to $16.50 and gave the company a “neutral” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.64.

Amplitude Trading Up 3.7%

Shares of NASDAQ:AMPL traded up $0.60 during trading on Thursday, reaching $16.70. The company’s stock had a trading volume of 2,412,851 shares, compared to its average volume of 1,788,137. The stock has a market capitalization of $1.69 billion, a PE ratio of -21.97 and a beta of 1.30. Amplitude has a 12 month low of $5.51 and a 12 month high of $18.85. The firm’s 50 day simple moving average is $14.81 and its two-hundred day simple moving average is $9.79.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $110.64 million for the quarter, compared to analysts’ expectations of $107.02 million. Amplitude had a negative return on equity of 42.62% and a negative net margin of 26.59%. Research analysts anticipate that Amplitude will post -0.66 EPS for the current fiscal year.

Insider Buying and Selling at Amplitude

In other news, insider Nathaniel Glenn Crook sold 300,000 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $12.99, for a total transaction of $3,897,000.00. Following the completion of the sale, the insider directly owned 1,622,696 shares of the company’s stock, valued at approximately $21,078,821.04. The trade was a 15.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Spenser Skates sold 185,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $12.30, for a total transaction of $2,275,500.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 675,049 shares of company stock worth $9,276,846 in the last ninety days. 21.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amplitude

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC boosted its position in Amplitude by 43.4% in the 2nd quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock valued at $7,816,000 after buying an additional 309,252 shares during the period. Dimensional Fund Advisors LP raised its stake in Amplitude by 368.1% in the first quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock worth $4,213,000 after buying an additional 485,752 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Amplitude in the 1st quarter worth $3,930,000. First Trust Advisors LP grew its position in shares of Amplitude by 362.8% in the 1st quarter. First Trust Advisors LP now owns 424,566 shares of the company’s stock worth $2,896,000 after buying an additional 332,830 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Amplitude by 1,683.8% during the 1st quarter. Quantinno Capital Management LP now owns 370,515 shares of the company’s stock worth $2,527,000 after acquiring an additional 349,744 shares in the last quarter. Institutional investors own 73.20% of the company’s stock.

Amplitude News Roundup

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Q3 results beat expectations. Amplitude reported earnings of $0.04 per share versus the $0.03 consensus and revenue of $110.65 million versus estimates of $107.02 million. Reports also highlighted 25% revenue growth and a full-year outlook above expectations—signs of solid business momentum. Q3 earnings results Sales and outlook
• Positive Sentiment: Analysts raised price targets after the report. UBS lifted its target to $22 and maintained a Buy rating; KeyCorp and Piper Sandler also raised targets to $22 with Overweight ratings. Needham raised its target to $21 and BTIG to $19, both with Buy ratings. These revisions suggest analysts see further potential after the results. UBS target increase Analyst forecast changes
• Neutral Sentiment: Citigroup’s view was more cautious. Citi raised its target from $11 to $18 but retained a Neutral rating, implying more limited upside than the higher targets from other firms. Citigroup rating
• Neutral Sentiment: The CEO reported small stock sales. Spenser Skates sold 962 shares across two transactions for about $16,837 in total. The disclosed sales are modest in size and may have limited significance for investors. SEC filing

Amplitude Company Profile

Amplitude, Inc is a software company that provides digital analytics and product experience solutions. Its platform helps organizations collect, analyze and act on user behavior data across websites, mobile applications and other digital products.

The company’s offerings include Amplitude Analytics, which enables teams to measure user engagement, retention and conversion; experimentation tools for testing product changes; session replay capabilities for reviewing user interactions; and data management and governance features.