BTIG Research Issues Positive Forecast for Amplitude (NASDAQ:AMPL) Stock Price

Amplitude (NASDAQ:AMPL) had its price target boosted by stock analysts at BTIG Research from $17.00 to $19.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research‘s target price suggests a potential upside of 10.53% from the company’s current price.

A number of other research analysts have also recently commented on the stock. Piper Sandler increased their price target on shares of Amplitude from $13.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, September 30th. Morgan Stanley increased their target price on shares of Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. DA Davidson raised their price objective on Amplitude from $10.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, August 6th. Citigroup raised their price target on Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Bank of America boosted their price objective on Amplitude from $14.00 to $16.50 and gave the company a “neutral” rating in a research report on Wednesday, October 14th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Amplitude presently has a consensus rating of “Moderate Buy” and an average target price of $15.45.

Amplitude Price Performance

AMPL opened at $17.19 on Thursday. The firm has a market capitalization of $1.74 billion, a P/E ratio of -22.92 and a beta of 1.30. Amplitude has a one year low of $5.51 and a one year high of $17.84. The company has a fifty day moving average price of $14.70 and a 200-day moving average price of $9.73.

Amplitude (NASDAQ:AMPL) last posted its earnings results on Wednesday, November 4th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Amplitude had a negative return on equity of 42.62% and a negative net margin of 26.59%. The business had revenue of $110.64 million during the quarter, compared to analysts’ expectations of $107.02 million. On average, analysts expect that Amplitude will post -0.66 earnings per share for the current year.

Insider Buying and Selling at Amplitude

In other news, CEO Spenser Skates sold 6,651 shares of Amplitude stock in a transaction on 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 legal filing with the SEC, which is accessible through this link. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $12.99, for a total value of $3,897,000.00. Following the completion of the transaction, the insider directly owned 1,622,696 shares in the company, valued at $21,078,821.04. This trade represents a 15.60% decrease in their position. 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. Over the last quarter, insiders have sold 674,087 shares of company stock worth $9,260,009. Company insiders own 21.59% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its holdings in shares of Amplitude by 169.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,465 shares of the company’s stock worth $34,000 after purchasing an additional 1,549 shares during the period. Sterling Capital Management LLC raised its position in Amplitude by 838.1% in the 3rd quarter. Sterling Capital Management LLC now owns 3,180 shares of the company’s stock worth $44,000 after purchasing an additional 2,841 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Amplitude during the second quarter valued at approximately $48,000. Vise Technologies Inc. boosted its position in shares of Amplitude by 6.4% during the third quarter. Vise Technologies Inc. now owns 14,040 shares of the company’s stock valued at $194,000 after buying an additional 843 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Amplitude in the third quarter worth approximately $337,000. Institutional investors own 73.20% of the company’s stock.

Amplitude News Roundup

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.