Amplitude (NASDAQ:AMPL) Stock Gets Price Target Increase from Bank of America

Amplitude (NASDAQ:AMPL) had its target price boosted by analysts at Bank of America from $14.00 to $16.50 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s target price would suggest a potential upside of 8.34% from the stock’s current price.

Other analysts also recently issued research reports about the stock. BTIG Research lifted their price target on shares of Amplitude from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. UBS Group increased their price objective on Amplitude from $8.50 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. DA Davidson upped their target price on Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 6th. Piper Sandler upped their target price on Amplitude from $13.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, September 30th. Finally, Weiss Ratings raised Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.90.

Amplitude Stock Down 2.4%

AMPL traded down $0.38 on Wednesday, reaching $15.23. 406,561 shares of the company traded hands, compared to its average volume of 2,141,131. Amplitude has a one year low of $5.51 and a one year high of $16.17. The firm has a fifty day simple moving average of $13.39 and a two-hundred day simple moving average of $9.54. The company has a market cap of $1.54 billion, a P/E ratio of -20.29 and a beta of 1.49.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $100.89 million during 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, equities analysts forecast that Amplitude will post -0.66 earnings per share for the current year.

Insider Activity

In other news, CEO Spenser Skates sold 70,087 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $14.52, for a total value of $1,017,663.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was 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 directly owned 1,622,696 shares of the company’s stock, valued at $21,078,821.04. The trade was 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. In the last 90 days, insiders sold 560,000 shares of company stock valued at $7,261,156. Company insiders own 21.59% of the company’s stock.

Hedge Funds Weigh In On Amplitude

Large investors have recently bought and sold shares of the business. Squarepoint Ops LLC lifted its stake 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 worth $7,816,000 after purchasing an additional 309,252 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Amplitude during the first quarter valued at about $3,930,000. Y Intercept Hong Kong Ltd purchased a new position in Amplitude in the first quarter valued at about $3,097,000. Finally, First Trust Advisors LP grew 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 valued at $2,896,000 after purchasing an additional 332,830 shares during the last quarter. Institutional investors own 73.20% of the company’s stock.

Amplitude Company Profile

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.