Amplitude (NASDAQ:AMPL) Trading Up 5.9% - Here's What Happened

Key Points

• Amplitude shares rose 5.9% on Monday to $6.7850 with about 1.1 million shares traded, below the stock's average daily volume.
• Analysts' consensus is a Moderate Buy with an average price target of $13 and a breakdown of 10 Buys, 1 Hold and 1 Sell, with individual targets roughly from $10 to $16.
• The company reported Q earnings of $0.04 (in line with estimates) and revenue up 17% year-over-year, remains unprofitable (net margin -25.8%), and announced a $100 million share repurchase plan authorizing repurchases of up to 11.8% of shares.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) shares traded up 5.9% during trading on Monday . The company traded as high as $6.76 and last traded at $6.7850. 1,104,813 shares were traded during trading, a decline of 46% from the average session volume of 2,052,986 shares. The stock had previously closed at $6.41.

Analysts Set New Price Targets

AMPL has been the subject of several analyst reports. Morgan Stanley set a $16.00 target price on shares of Amplitude and gave the company an "overweight" rating in a research note on Thursday, January 15th. KeyCorp lowered their price target on shares of Amplitude from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, February 19th. Robert W. Baird boosted their price objective on shares of Amplitude from $14.00 to $15.00 and gave the company an "outperform" rating in a research report on Friday, December 19th. UBS Group reduced their price objective on shares of Amplitude from $13.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday, February 19th. Finally, Piper Sandler decreased their target price on shares of Amplitude from $12.00 to $10.00 and set an "overweight" rating on the stock in a research report on Thursday, February 19th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.00.

Amplitude Trading Up 6.1%

The business has a 50 day simple moving average of $7.75 and a 200-day simple moving average of $9.67. The stock has a market capitalization of $708.15 million, a price-to-earnings ratio of -10.15 and a beta of 1.51.

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

Amplitude announced that its board has initiated a share repurchase plan on Wednesday, February 18th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 11.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Amplitude

Hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. grew its position in 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 acquiring an additional 3,973,575 shares during the period. TimesSquare Capital Management LLC purchased a new position in shares of Amplitude in the 3rd quarter worth about $21,922,000. Wellington Management Group LLP lifted its stake in shares of Amplitude by 783.5% in the 3rd 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 in the last quarter. Vanguard Group Inc. grew its holdings in shares of Amplitude by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 10,825,568 shares of the company's stock worth $125,360,000 after purchasing an additional 934,350 shares during the period. Finally, Baillie Gifford & Co. grew its holdings in shares of Amplitude by 35.5% during the 3rd quarter. Baillie Gifford & Co. now owns 2,681,896 shares of the company's stock worth $28,750,000 after purchasing an additional 703,328 shares during the period. Institutional investors and hedge funds own 73.20% of the company's stock.

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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