Analysts Set Amplitude, Inc. (NASDAQ:AMPL) Target Price at $14.40

Shares of Amplitude, Inc. (NASDAQ:AMPL) have earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.40.

Several research analysts have recently weighed in on AMPL shares. Robert W. Baird decreased their price objective on shares of Amplitude from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amplitude in a research 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 for the company in a research note on Friday, October 31st. DA Davidson restated a “buy” rating and issued a $16.00 price target on shares of Amplitude in a research note on Monday, September 29th. Finally, Piper Sandler reiterated an “overweight” rating and set a $16.00 price objective on shares of Amplitude in a research report on Thursday, November 6th.

Insider Transactions at Amplitude

In other Amplitude news, CFO Andrew Casey purchased 30,000 shares of Amplitude stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $9.99 per share, with a total value of $299,700.00. Following the transaction, the chief financial officer directly owned 1,160,608 shares of the company’s stock, valued at $11,594,473.92. This trade represents a 2.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Erica Schultz sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 107,406 shares in the company, valued at approximately $1,086,948.72. The trade was a 8.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 27,500 shares of company stock valued at $297,750. Corporate insiders own 23.83% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several hedge funds and other institutional investors have recently modified their holdings of AMPL. State of Alaska Department of Revenue purchased a new position in Amplitude during the third quarter valued at $48,000. Osaic Holdings Inc. raised its stake in shares of Amplitude by 57.8% in the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock worth $64,000 after buying an additional 1,879 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Amplitude by 33.3% during the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock valued at $59,000 after buying an additional 1,455 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Amplitude by 86.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,477 shares of the company’s stock valued at $130,000 after acquiring an additional 4,858 shares during the period. Finally, Legato Capital Management LLC purchased a new stake in Amplitude in the 3rd quarter worth approximately $112,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Amplitude Price Performance

AMPL stock opened at $11.04 on Friday. The stock has a market capitalization of $1.13 billion, a P/E ratio of -13.80 and a beta of 1.51. Amplitude has a 1-year low of $7.55 and a 1-year high of $14.88. The business has a fifty day moving average price of $10.59 and a 200-day moving average price of $11.41.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The company had revenue of $88.56 million during the quarter, compared to the consensus estimate of $86.29 million. During the same period last year, the company earned $0.03 EPS. Amplitude’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. As a group, analysts anticipate that Amplitude will post -0.62 earnings per share for the current year.

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.