Amplitude (NASDAQ:AMPL) Price Target Raised to $16.00

Amplitude (NASDAQ:AMPL) had its price target upped by Morgan Stanley from $12.00 to $16.00 in a research report released on Thursday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Piper Sandler raised their target price on shares of Amplitude from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Citigroup boosted their price target on shares of Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. BTIG Research increased their price target on shares of Amplitude from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Raymond James Financial initiated coverage on shares of Amplitude in a report on Tuesday, June 30th. They issued a “strong-buy” rating and a $10.00 price target on the stock. Finally, UBS Group raised their price objective on shares of Amplitude from $8.50 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Amplitude has an average rating of “Moderate Buy” and an average price target of $12.55.

Amplitude Stock Down 2.0%

Shares of NASDAQ AMPL opened at $13.03 on Thursday. The firm has a market capitalization of $1.32 billion, a P/E ratio of -17.37 and a beta of 1.42. The stock’s 50-day simple moving average is $8.80 and its two-hundred day simple moving average is $7.73. Amplitude has a twelve month low of $5.51 and a twelve month high of $13.58.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 42.62% and a negative net margin of 26.59%.Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. As a group, research analysts anticipate that Amplitude will post -0.63 EPS for the current fiscal year.

Insider Transactions at Amplitude

In related news, Director Catherine Wong sold 7,453 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $6.79, for a total value of $50,605.87. Following the completion of the sale, the director owned 111,462 shares in the company, valued at $756,826.98. The trade was a 6.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Curtis Liu sold 22,201 shares of the business’s 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 completion of the sale, the chief technology officer 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 position. The SEC filing for this sale provides additional information. Company insiders own 21.59% of the company’s stock.

Institutional Investors Weigh In On Amplitude

A number of hedge funds have recently made changes to their positions in AMPL. Madison Asset Management LLC purchased a new stake in shares of Amplitude in the 2nd quarter valued at $2,390,000. Bank of New York Mellon Corp purchased a new position in Amplitude in the 2nd quarter worth $2,204,000. Quantinno Capital Management LP raised its position in Amplitude by 1,683.8% in the 1st quarter. Quantinno Capital Management LP now owns 370,515 shares of the company’s stock worth $2,527,000 after purchasing an additional 349,744 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Amplitude in the first quarter worth $3,930,000. Finally, First Trust Advisors LP lifted its stake 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. 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.