Piper Sandler Forecasts Strong Price Appreciation for Amplitude (NASDAQ:AMPL) Stock

Amplitude (NASDAQ:AMPL) had its target price hoisted by Piper Sandler from $18.00 to $22.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler‘s target price suggests a potential upside of 27.98% from the company’s current price.

AMPL has been the topic of several other reports. BTIG Research lifted their target price on Amplitude from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday. DA Davidson increased their price target on Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 6th. Citigroup lifted their price objective on shares of Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Morgan Stanley boosted their price objective on shares of Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Amplitude currently has an average rating of “Moderate Buy” and a consensus target price of $15.45.

Amplitude Stock Performance

Shares of Amplitude stock opened at $17.19 on Thursday. The company has a market capitalization of $1.74 billion, a P/E ratio of -22.92 and a beta of 1.30. Amplitude has a 1 year low of $5.51 and a 1 year high of $17.84. The company’s fifty day moving average is $14.70 and its two-hundred day moving average is $9.73.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Wednesday, November 4th. The company reported $0.04 EPS for the quarter, beating 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 analysts’ expectations of $107.02 million. As a group, equities analysts expect that Amplitude will post -0.66 earnings per share for the current year.

Insider Buying and Selling at Amplitude

In other Amplitude news, CEO Spenser Skates sold 6,651 shares of the company’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $17.53, for a total transaction of $116,592.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the 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 of the company’s stock, valued at approximately $21,078,821.04. This trade represents a 15.60% decrease in their ownership of the stock. 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 have sold a total of 674,087 shares of company stock worth $9,260,009 over the last 90 days. Insiders own 21.59% of the company’s stock.

Institutional Investors Weigh In On Amplitude

A number of institutional investors and hedge funds have recently modified their holdings of AMPL. Arrowstreet Capital Limited Partnership purchased a new position in Amplitude in the 1st quarter valued at approximately $3,930,000. Dimensional Fund Advisors LP boosted its position in Amplitude by 368.1% during the first quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock worth $4,213,000 after purchasing an additional 485,752 shares in the last quarter. Quantinno Capital Management LP boosted its position in Amplitude by 1,683.8% during the first quarter. Quantinno Capital Management LP now owns 370,515 shares of the company’s stock worth $2,527,000 after purchasing an additional 349,744 shares in the last quarter. First Trust Advisors LP boosted its position in Amplitude by 362.8% during the first 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 and hedge funds own 73.20% of the company’s stock.

Key Headlines Impacting Amplitude

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.

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.