Amplitude (NASDAQ:AMPL) Stock Price Expected to Rise, UBS Group Analyst Says

Amplitude (NASDAQ:AMPL) had its target price raised by UBS Group from $13.00 to $22.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group‘s price objective would suggest a potential upside of 31.74% from the company’s previous close.

Several other brokerages also recently commented on AMPL. DA Davidson upped their price target on shares of Amplitude from $10.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley increased their target price on Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Citigroup raised their target price on Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Bank of America raised their price objective on Amplitude from $14.00 to $16.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 14th. Finally, Weiss Ratings raised Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Amplitude presently has an average rating of “Moderate Buy” and an average price target of $17.64.

Amplitude Price Performance

Shares of AMPL traded up $0.60 during trading hours on Thursday, hitting $16.70. 2,412,851 shares of the company were exchanged, compared to its average volume of 1,788,137. The company has a market capitalization of $1.69 billion, a PE ratio of -21.97 and a beta of 1.30. The firm has a fifty day simple moving average of $14.81 and a 200-day simple moving average of $9.79. Amplitude has a one year low of $5.51 and a one year high of $18.85.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Wednesday, November 4th. The company reported $0.04 EPS for the quarter, beating 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 the consensus estimate of $107.02 million. Sell-side analysts expect that Amplitude will post -0.66 EPS for the current year.

Insider Activity

In related news, CEO Spenser Skates sold 6,651 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which is available at this hyperlink. Also, insider Nathaniel Glenn Crook sold 300,000 shares of Amplitude stock in a transaction that occurred on 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 sale, the insider owned 1,622,696 shares of the company’s stock, valued at $21,078,821.04. This trade represents a 15.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 675,049 shares of company stock valued at $9,276,846. 21.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMPL. Nisa Investment Advisors LLC boosted its holdings in Amplitude by 169.1% in the third 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 in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Amplitude by 838.1% during the 3rd quarter. Sterling Capital Management LLC now owns 3,180 shares of the company’s stock worth $44,000 after acquiring an additional 2,841 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Amplitude during the 2nd quarter worth about $48,000. Vise Technologies Inc. increased its holdings in shares of Amplitude by 6.4% during the 3rd quarter. Vise Technologies Inc. now owns 14,040 shares of the company’s stock valued at $194,000 after acquiring an additional 843 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Amplitude during the 3rd quarter valued at about $337,000. Institutional investors own 73.20% of the company’s stock.

More Amplitude News

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Q3 results beat expectations. Amplitude reported earnings of $0.04 per share versus the $0.03 consensus and revenue of $110.65 million versus estimates of $107.02 million. Reports also highlighted 25% revenue growth and a full-year outlook above expectations—signs of solid business momentum. Q3 earnings results Sales and outlook
• Positive Sentiment: Analysts raised price targets after the report. UBS lifted its target to $22 and maintained a Buy rating; KeyCorp and Piper Sandler also raised targets to $22 with Overweight ratings. Needham raised its target to $21 and BTIG to $19, both with Buy ratings. These revisions suggest analysts see further potential after the results. UBS target increase Analyst forecast changes
• Neutral Sentiment: Citigroup’s view was more cautious. Citi raised its target from $11 to $18 but retained a Neutral rating, implying more limited upside than the higher targets from other firms. Citigroup rating
• Neutral Sentiment: The CEO reported small stock sales. Spenser Skates sold 962 shares across two transactions for about $16,837 in total. The disclosed sales are modest in size and may have limited significance for investors. SEC filing

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.