Amplitude (NASDAQ:AMPL) Stock Price Target Raised at Citigroup

Amplitude (NASDAQ:AMPL) had its price target lifted by Citigroup from $11.00 to $18.00 in a research note published on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the company. BTIG Research increased their price target on Amplitude from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group boosted their price objective on Amplitude from $13.00 to $22.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley boosted their price objective on Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Bank of America upped their target price on Amplitude from $14.00 to $16.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 14th. Finally, DA Davidson increased their target price on Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.64.

Amplitude Price Performance

Shares of Amplitude stock traded up $0.60 during trading on Friday, reaching $16.70. 2,412,851 shares of the company traded hands, compared to its average volume of 1,788,137. Amplitude has a 1-year low of $5.51 and a 1-year high of $18.85. The company has a 50 day moving average price of $14.81 and a 200-day moving average price of $9.79. The firm has a market capitalization of $1.69 billion, a PE ratio of -21.97 and a beta of 1.30.

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

Insider Activity

In other Amplitude news, CEO Spenser Skates sold 185,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $12.30, for a total transaction of $2,275,500.00. 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, insider Nathaniel Glenn Crook sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $12.99, for a total value of $3,897,000.00. Following the sale, the insider directly owned 1,622,696 shares of the company’s stock, valued at $21,078,821.04. This represents a 15.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 675,049 shares of company stock worth $9,276,846. 21.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vise Technologies Inc. boosted its position in shares of Amplitude by 6.4% during the third quarter. Vise Technologies Inc. now owns 14,040 shares of the company’s stock valued at $194,000 after buying an additional 843 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Amplitude by 169.1% during the third quarter. Nisa Investment Advisors LLC now owns 2,465 shares of the company’s stock worth $34,000 after buying an additional 1,549 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Amplitude by 4.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,249 shares of the company’s stock valued at $661,000 after buying an additional 1,816 shares during the last quarter. Sterling Capital Management LLC raised its position in Amplitude by 838.1% in the 3rd quarter. Sterling Capital Management LLC now owns 3,180 shares of the company’s stock valued at $44,000 after buying an additional 2,841 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Amplitude in the 2nd quarter valued at $48,000. Institutional investors own 73.20% of the company’s stock.

Key Amplitude News

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

About Amplitude

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.