Amplitude (NASDAQ:AMPL) Raised to Strong-Buy at Raymond James Financial

Amplitude (NASDAQ:AMPL) was upgraded by equities researchers at Raymond James Financial to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Bank of America reaffirmed a “neutral” rating and set a $8.00 price target (down from $10.00) on shares of Amplitude in a report on Thursday, May 7th. Weiss Ratings lowered shares of Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. Finally, Piper Sandler decreased their target price on shares of Amplitude from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Amplitude has a consensus rating of “Moderate Buy” and an average target price of $12.20.

Amplitude Stock Up 11.8%

NASDAQ:AMPL opened at $8.55 on Tuesday. Amplitude has a twelve month low of $5.51 and a twelve month high of $14.49. The stock’s 50-day simple moving average is $6.98 and its 200 day simple moving average is $7.99. The firm has a market capitalization of $888.09 million, a PE ratio of -12.76 and a beta of 1.44.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $93.49 million for 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%.Amplitude’s revenue for the quarter 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. On average, analysts anticipate that Amplitude will post -0.59 EPS for the current fiscal year.

Insider Buying and Selling at Amplitude

In other Amplitude news, CTO Curtis Liu sold 22,201 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $8.03, for a total value of $178,274.03. Following the sale, the chief technology officer owned 1,004,779 shares in the company, valued at approximately $8,068,375.37. The trade was a 2.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Catherine Wong sold 7,453 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $6.79, for a total value of $50,605.87. Following the completion of the sale, the director directly owned 111,462 shares of the company’s stock, valued at approximately $756,826.98. The trade was a 6.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 47,240 shares of company stock valued at $371,678. 21.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amplitude

Hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new stake in Amplitude in the third quarter valued at approximately $32,000. Osaic Holdings Inc. raised its holdings in Amplitude by 57.8% during the 2nd quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock worth $64,000 after purchasing an additional 1,879 shares during the last quarter. Krilogy Financial LLC bought a new position in Amplitude during the 1st quarter worth approximately $77,000. Legato Capital Management LLC acquired a new position in shares of Amplitude in the 3rd quarter worth approximately $112,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Amplitude in the 3rd quarter worth approximately $113,000. 73.20% of the stock is currently owned by institutional investors.

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.