Amplitude’s (AMPL) “Overweight” Rating Reaffirmed at Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of Amplitude (NASDAQ:AMPL) in a report published on Thursday morning,Benzinga reports. Piper Sandler currently has a $16.00 price target on the stock.

AMPL has been the topic of a number of other research reports. 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 target price on shares of Amplitude in a report on Monday, September 29th. Benchmark restated a “buy” rating on shares of Amplitude in a report on Friday, July 11th. UBS Group upgraded Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, October 31st. Finally, Needham & Company LLC lifted their price objective on shares of Amplitude from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 7th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.40.

Amplitude Trading Up 1.0%

Shares of AMPL stock traded up $0.10 on Thursday, hitting $10.01. The stock had a trading volume of 1,741,126 shares, compared to its average volume of 1,302,506. Amplitude has a twelve month low of $7.55 and a twelve month high of $14.88. The company has a fifty day moving average price of $10.63 and a two-hundred day moving average price of $11.32. The firm has a market cap of $1.02 billion, a P/E ratio of -12.51 and a beta of 1.51.

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

Insiders Place Their Bets

In other Amplitude news, Director Erica Schultz sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $10.12, for a total transaction of $101,200.00. Following the completion of the sale, the director owned 107,406 shares of the company’s stock, valued at $1,086,948.72. This trade represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 27,500 shares of company stock valued at $297,750. 23.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Amplitude

A number of hedge funds have recently modified their holdings of AMPL. Vanguard Group Inc. increased its position in Amplitude by 2.6% during the third quarter. Vanguard Group Inc. now owns 9,891,218 shares of the company’s stock worth $106,034,000 after acquiring an additional 252,646 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Amplitude by 1.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,091,044 shares of the company’s stock worth $92,638,000 after purchasing an additional 94,815 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Amplitude by 2,126.0% during the second quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company’s stock worth $51,590,000 after purchasing an additional 3,973,575 shares during the period. Sunriver Management LLC raised its position in shares of Amplitude by 2.1% in the first quarter. Sunriver Management LLC now owns 3,850,928 shares of the company’s stock valued at $39,241,000 after buying an additional 78,120 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its stake in shares of Amplitude by 35.5% in the third quarter. Baillie Gifford & Co. now owns 2,681,896 shares of the company’s stock valued at $28,750,000 after buying an additional 703,328 shares during the period. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Company Profile

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.