Amplitude (NASDAQ:AMPL) Hits New 12-Month High on Strong Earnings

Amplitude, Inc. (NASDAQ:AMPL) shares hit a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $18.50 and last traded at $17.8850, with a volume of 34,377 shares. The stock had previously closed at $17.19.

The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. The business had revenue of $110.64 million during the quarter, compared to the consensus estimate of $107.02 million.

Amplitude News Summary

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Amplitude reported third-quarter EPS of $0.04, beating the $0.03 consensus and rising from $0.02 a year earlier. Revenue of about $110.6 million also topped expectations of $107.0 million. Zacks report on third-quarter results
• Positive Sentiment: Coverage highlighted 25% revenue growth and a record margin, with enterprise AI adoption and new products contributing to growth. The company’s full-year outlook also exceeded expectations, supporting optimism about momentum beyond the quarter. Q3 business and growth analysis Q3 sales and outlook report
• Positive Sentiment: Needham raised its price target to $21 from $18 and maintained a Buy rating. Analysts have also lifted forecasts after the better-than-expected quarter, signaling increased confidence in Amplitude’s prospects. Analyst forecast changes
• Neutral Sentiment: Despite the positive quarterly results, Amplitude still reported a negative net margin and negative return on equity, so sustained growth and improving profitability remain important to the investment outlook.

Analyst Upgrades and Downgrades

AMPL has been the subject of several recent analyst reports. DA Davidson boosted their price target on shares of Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 6th. Bank of America upped their price objective on Amplitude from $14.00 to $16.50 and gave the stock a “neutral” rating in a report on Wednesday, October 14th. BTIG Research upped their target price on shares of Amplitude from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings upgraded shares of Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Finally, Piper Sandler boosted their price target on Amplitude from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Amplitude currently has an average rating of “Moderate Buy” and a consensus target price of $15.45.

Insiders Place Their Bets

In related news, insider Nathaniel Glenn Crook sold 300,000 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Spenser Skates sold 185,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were 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 674,087 shares of company stock worth $9,260,009 over the last quarter. 21.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amplitude

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership acquired a new stake in Amplitude during the 1st quarter worth $3,930,000. Dimensional Fund Advisors LP grew its position in Amplitude by 368.1% in the first quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock valued at $4,213,000 after purchasing an additional 485,752 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Amplitude by 1,683.8% in the first quarter. Quantinno Capital Management LP now owns 370,515 shares of the company’s stock valued at $2,527,000 after acquiring an additional 349,744 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Amplitude by 362.8% during the 1st quarter. First Trust Advisors LP now owns 424,566 shares of the company’s stock worth $2,896,000 after purchasing an additional 332,830 shares in the last quarter. Finally, Madison Asset Management LLC acquired a new stake in Amplitude in the second quarter valued at $2,390,000. Institutional investors own 73.20% of the company’s stock.

Amplitude Trading Up 0.4%

The company’s 50 day moving average is $14.70 and its 200-day moving average is $9.73. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -23.29 and a beta of 1.30.

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.