Amplitude (NASDAQ:AMPL) Shares Down 4.8% – What’s Next?

Shares of Amplitude, Inc. (NASDAQ:AMPL) fell 4.8% during trading on Monday . The company traded as low as $7.28 and last traded at $7.2950. 312,760 shares traded hands during trading, a decline of 86% from the average session volume of 2,188,958 shares. The stock had previously closed at $7.66.

Analyst Ratings Changes

A number of brokerages have recently commented on AMPL. Bank of America reissued a “neutral” rating and set a $8.00 price target (down from $10.00) on shares of Amplitude in a research note on Thursday, May 7th. DA Davidson cut their price target on Amplitude from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Weiss Ratings lowered Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. Piper Sandler cut their price target on Amplitude from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Finally, KeyCorp cut their price target on Amplitude from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Amplitude currently has a consensus rating of “Moderate Buy” and an average target price of $12.44.

Amplitude Stock Down 5.9%

The stock has a 50 day moving average of $6.83 and a 200 day moving average of $8.43. The company has a market capitalization of $748.69 million, a price-to-earnings ratio of -10.77 and a beta of 1.45.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $93.49 million during the quarter, compared to analyst estimates of $92.95 million. Amplitude had a negative return on equity of 34.98% and a negative net margin of 25.11%.The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. Amplitude has set its Q2 2026 guidance at -0.020–0.010 EPS and its FY 2026 guidance at 0.030-0.060 EPS. As a group, sell-side analysts anticipate that Amplitude, Inc. will post -0.59 EPS for the current fiscal year.

Amplitude declared that its board has approved a share buyback program on Wednesday, February 18th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 11.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Amplitude

In related news, CTO Curtis Liu sold 22,201 shares of Amplitude stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $8.03, for a total value of $178,274.03. Following the transaction, the chief technology officer directly owned 1,004,779 shares of the company’s stock, valued at $8,068,375.37. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amplitude

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in Amplitude by 120.7% in the first quarter. AQR Capital Management LLC now owns 226,486 shares of the company’s stock worth $2,308,000 after purchasing an additional 123,886 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Amplitude by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,399 shares of the company’s stock worth $473,000 after purchasing an additional 2,038 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Amplitude in the first quarter worth approximately $580,000. Jones Financial Companies Lllp increased its holdings in Amplitude by 93,569.0% in the first quarter. Jones Financial Companies Lllp now owns 93,669 shares of the company’s stock worth $954,000 after purchasing an additional 93,569 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Amplitude by 60.0% in the first quarter. Goldman Sachs Group Inc. now owns 473,491 shares of the company’s stock worth $4,825,000 after purchasing an additional 177,599 shares in the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.

Amplitude Company Profile

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.