Amplitude (NASDAQ:AMPL) Price Target Raised to $16.50

by · The Cerbat Gem

Amplitude (NASDAQ:AMPL – Free Report) had its price target increased by Bank of America from $14.00 to $16.50 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley raised their target price 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. Raymond James Financial initiated coverage on shares of Amplitude in a report on Tuesday, June 30th. They set a “strong-buy” rating and a $10.00 target price for the company. Weiss Ratings raised Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. BTIG Research upped their price target on Amplitude from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Citigroup upped their price target on Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.90.

Get Our Latest Stock Analysis on AMPL

Amplitude Trading Down 6.8%

AMPL opened at $14.75 on Wednesday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -19.67 and a beta of 1.49. The stock has a fifty day simple moving average of $13.66 and a two-hundred day simple moving average of $9.71. Amplitude has a 12-month low of $5.51 and a 12-month high of $16.17.

Amplitude (NASDAQ:AMPL – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $100.89 million for the quarter, compared to analysts’ expectations of $98.16 million. Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. On average, analysts predict that Amplitude will post -0.66 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Spenser Skates sold 185,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $12.30, for a total transaction of $2,275,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the 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 in the company, valued at $21,078,821.04. This trade represents a 15.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 560,000 shares of company stock worth $7,261,156. Corporate insiders own 21.59% of the company’s stock.

Hedge Funds Weigh In On Amplitude

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC boosted its holdings in shares of Amplitude by 43.4% during the 2nd quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock valued at $7,816,000 after acquiring an additional 309,252 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $4,213,000 after purchasing an additional 485,752 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Amplitude during the first quarter valued at approximately $3,930,000. Y Intercept Hong Kong Ltd bought a new position in Amplitude during the first quarter valued at approximately $3,097,000. Finally, First Trust Advisors LP boosted its holdings in Amplitude by 362.8% in 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 during the last quarter. Institutional investors own 73.20% of the company’s stock.

About Amplitude

(Get Free Report)

Amplitude, Inc is a software company that provides a digital analytics platform designed to help organizations understand and improve digital products and customer experiences. Its platform enables businesses to collect, analyze and visualize behavioral data from websites, mobile applications and other digital services.

The company’s product offerings include product analytics, session replay, experimentation and data management capabilities. These tools help product, marketing and engineering teams track user journeys, identify engagement trends, evaluate changes and make data-informed decisions throughout the product development and customer lifecycle.

Amplitude was founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang and is headquartered in San Francisco, California.

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