Amplitude (NASDAQ:AMPL) Stock Price Down 6.2% - Here's What Happened

Key Points

• Shares fell 6.2% on Wednesday to $6.285 (intraday low $6.31) on volume of 757,973 shares, about 62% below the stock's average session volume.
• Quarterly results beat/ met expectations with $0.04 EPS and revenue up 17% year‑over‑year, but the company remains unprofitable (net margin -25.8%, ROE -32.33%) and set FY2026 guidance of $0.080–0.130 EPS and Q1 2026 guidance of -0.020–-0.010; analysts carry a consensus “Moderate Buy” rating with an average price target of $13.
• Board approved a $100 million buyback (up to ~11.8% of shares) and institutional investors now own about 73.2% of the stock, with several large funds recently increasing positions.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report)'s share price fell 6.2% on Wednesday . The company traded as low as $6.31 and last traded at $6.2850. 757,973 shares changed hands during trading, a decline of 62% from the average session volume of 1,981,320 shares. The stock had previously closed at $6.70.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMPL. BTIG Research dropped their target price on shares of Amplitude from $14.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, February 19th. Robert W. Baird raised their price objective on shares of Amplitude from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Friday, December 19th. Morgan Stanley set a $16.00 price objective on shares of Amplitude and gave the stock an "overweight" rating in a report on Thursday, January 15th. UBS Group lowered their price objective on shares of Amplitude from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, February 19th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Amplitude in a report on Monday, December 29th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $13.00.

Amplitude Stock Down 5.9%

The company's fifty day simple moving average is $7.28 and its 200 day simple moving average is $9.45. The firm has a market capitalization of $656.50 million, a PE ratio of -9.40 and a beta of 1.48.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Amplitude had a negative net margin of 25.80% and a negative return on equity of 32.33%. During the same period last year, the firm earned $0.02 earnings per share. The firm's revenue for the quarter was up 17.0% on a year-over-year basis. Amplitude has set its FY 2026 guidance at 0.080-0.130 EPS and its Q1 2026 guidance at -0.020--0.010 EPS. Equities research analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current year.

Amplitude declared that its board has initiated a stock buyback plan on Wednesday, February 18th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 11.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Amplitude

Several large investors have recently made changes to their positions in AMPL. Alliancebernstein L.P. lifted its holdings in shares of Amplitude by 2,126.0% during the second quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company's stock valued at $51,590,000 after purchasing an additional 3,973,575 shares during the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of Amplitude during the third quarter valued at approximately $21,922,000. Wellington Management Group LLP lifted its holdings in shares of Amplitude by 783.5% during the third quarter. Wellington Management Group LLP now owns 2,026,598 shares of the company's stock valued at $21,725,000 after purchasing an additional 1,797,228 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amplitude by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 10,825,568 shares of the company's stock valued at $125,360,000 after purchasing an additional 934,350 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in shares of Amplitude by 35.5% during the third quarter. Baillie Gifford & Co. now owns 2,681,896 shares of the company's stock valued at $28,750,000 after purchasing an additional 703,328 shares during the last quarter. 73.20% of the stock is currently owned by hedge funds and other 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.

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