Amplitude (NASDAQ:AMPL) Price Target Cut to $14.00 by Analysts at Robert W. Baird

Amplitude (NASDAQ:AMPL) had its target price decreased by Robert W. Baird from $16.00 to $14.00 in a report released on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other research analysts have also recently issued reports on AMPL. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amplitude in a report on Wednesday, October 8th. UBS Group upgraded shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Friday, October 31st. Wall Street Zen lowered shares of Amplitude from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. DA Davidson reiterated a “buy” rating and set a $16.00 price objective on shares of Amplitude in a report on Monday, September 29th. Finally, Piper Sandler restated an “overweight” rating and set a $16.00 price objective on shares of Amplitude in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Amplitude presently has an average rating of “Moderate Buy” and a consensus price target of $14.40.

Amplitude Price Performance

NASDAQ:AMPL traded up $0.10 during mid-day trading on Thursday, reaching $10.01. The stock had a trading volume of 1,741,126 shares, compared to its average volume of 1,302,506. The stock has a market cap of $1.02 billion, a P/E ratio of -12.51 and a beta of 1.51. The business’s 50 day moving average is $10.63 and its 200 day moving average is $11.32. Amplitude has a fifty-two week low of $7.55 and a fifty-two week high of $14.88.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $88.56 million for the quarter, compared to the consensus estimate of $86.29 million. Amplitude had a negative return on equity of 35.45% and a negative net margin of 31.36%.The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 EPS. Amplitude has set its FY 2025 guidance at 0.060-0.08 EPS. Q4 2025 guidance at 0.040-0.05 EPS. Equities analysts expect that Amplitude will post -0.62 EPS for the current year.

Insider Buying and Selling

In other news, Director Erica Schultz sold 10,000 shares of Amplitude stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $10.12, for a total value of $101,200.00. Following the completion of the sale, the director owned 107,406 shares in the company, valued at $1,086,948.72. The trade was a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 27,500 shares of company stock worth $297,750 over the last ninety days. Company insiders own 23.83% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPL. Liberty Mutual Group Asset Management Inc. purchased a new position in shares of Amplitude in the first quarter worth approximately $947,000. Principal Financial Group Inc. purchased a new stake in shares of Amplitude during the 1st quarter worth approximately $1,586,000. Quantbot Technologies LP purchased a new stake in shares of Amplitude during the 1st quarter valued at about $671,000. Wealth Enhancement Advisory Services LLC bought a new stake in Amplitude in the first quarter worth $107,000. Finally, Nuveen LLC bought a new stake in Amplitude in the first quarter worth about $2,526,000. Hedge funds and other institutional investors own 73.20% of the company’s stock.

About Amplitude

Amplitude, Inc, together with its subsidiaries, provides a digital analytics platform that analyzes customer behavior in the United States and internationally. It offers Amplitude Analytics, which provides real-time product data and reconstructed user visits; Amplitude Experiment, a solution that allows teams to test new capabilities and safely roll out new features; Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities; and Amplitude Session Replay used by product, marketing, and data teams to understand user behavior, diagnose product issues, and improve product outcomes.