Amplitude (NASDAQ:AMPL) Price Target Raised to $17.00

Amplitude (NASDAQ:AMPL) had its price target lifted by BTIG Research from $13.00 to $17.00 in a research note published on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Citigroup boosted their price objective on Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Raymond James Financial began coverage on Amplitude in a research note on Tuesday, June 30th. They set a “strong-buy” rating and a $10.00 target price on the stock. Piper Sandler lifted their price target on Amplitude from $13.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, September 30th. Weiss Ratings upgraded Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Finally, Bank of America boosted their price target on Amplitude from $14.00 to $16.50 and gave the company a “neutral” rating in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.30.

Amplitude Stock Performance

Shares of AMPL stock opened at $17.07 on Tuesday. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -22.76 and a beta of 1.49. The company has a 50-day simple moving average of $13.94 and a 200 day simple moving average of $9.99. Amplitude has a 52 week low of $5.51 and a 52 week high of $17.11.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $100.89 million for the quarter, compared to analyst estimates of $98.16 million. Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. Sell-side analysts forecast that Amplitude will post -0.66 EPS for the current year.

Insider Transactions at Amplitude

In other Amplitude news, CEO Spenser Skates sold 185,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $12.30, for a total value of $2,275,500.00. The transaction was disclosed in a document filed with the SEC, 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 firm’s stock in a transaction dated 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 transaction, the insider directly owned 1,622,696 shares in the company, valued at approximately $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 560,000 shares of company stock valued at $7,261,156. 21.59% of the stock is owned by insiders.

Institutional Trading of Amplitude

Institutional investors and hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its position in shares of Amplitude by 838.1% during the 3rd quarter. Sterling Capital Management LLC now owns 3,180 shares of the company’s stock worth $44,000 after acquiring an additional 2,841 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Amplitude by 169.1% during the third quarter. Nisa Investment Advisors LLC now owns 2,465 shares of the company’s stock valued at $34,000 after purchasing an additional 1,549 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in Amplitude during the third quarter worth $1,011,000. Integrated Wealth Concepts LLC bought a new stake in Amplitude during the second quarter worth $48,000. Finally, Squarepoint Ops LLC lifted its stake in Amplitude by 43.4% during the second quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock worth $7,816,000 after purchasing an additional 309,252 shares during the last quarter. Institutional investors own 73.20% of the company’s stock.

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.