Amplitude (NASDAQ:AMPL) Stock Moved Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Amplitude (NASDAQ:AMPL) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

A number of other research firms have also weighed in on AMPL. KeyCorp upped their target price on Amplitude from $14.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America lifted their price target on Amplitude from $14.00 to $16.50 and gave the company a “neutral” rating in a report on Wednesday, October 14th. Citigroup boosted their price target on Amplitude from $11.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday. Piper Sandler upped their price objective on Amplitude from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Morgan Stanley upped their price objective on Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, Amplitude currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.64.

Amplitude Trading Up 3.7%

NASDAQ AMPL opened at $16.70 on Friday. The company’s 50-day moving average price is $14.81 and its 200-day moving average price is $9.79. The stock has a market cap of $1.69 billion, a PE ratio of -21.97 and a beta of 1.30. Amplitude has a 12 month low of $5.51 and a 12 month high of $18.85.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $110.64 million during the quarter, compared to analysts’ expectations of $107.02 million. Amplitude had a negative net margin of 25.24% and a negative return on equity of 45.71%. As a group, sell-side analysts forecast that Amplitude will post -0.66 earnings per share for the current year.

Insider Transactions at Amplitude

In other Amplitude news, insider Nathaniel Glenn Crook sold 300,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were 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 approximately $21,078,821.04. This represents a 15.60% decrease in their ownership of the stock. The transaction 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, CEO Spenser Skates sold 6,651 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $17.53, for a total value of $116,592.03. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 675,049 shares of company stock valued at $9,276,846. 21.59% of the stock is currently owned by insiders.

Institutional Trading of Amplitude

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMPL. Nisa Investment Advisors LLC raised its position in shares of Amplitude by 169.1% in the third quarter. Nisa Investment Advisors LLC now owns 2,465 shares of the company’s stock worth $34,000 after acquiring an additional 1,549 shares during the period. Sterling Capital Management LLC grew 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 valued at $44,000 after acquiring an additional 2,841 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Amplitude during the 2nd quarter valued at about $48,000. Vise Technologies Inc. increased its stake in shares of Amplitude by 6.4% in the 3rd quarter. Vise Technologies Inc. now owns 14,040 shares of the company’s stock valued at $194,000 after purchasing an additional 843 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Amplitude in the 3rd quarter valued at about $337,000. Institutional investors and hedge funds 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.