Amplitude (NASDAQ:AMPL) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Amplitude from Hold to Buy. The stock carries a consensus “Moderate Buy” rating and an average analyst price target of $17.64, with several firms recently raising targets to $21–$22.
• Amplitude beat quarterly estimates, reporting EPS of $0.04 versus $0.03 expected and revenue of about $110.6 million versus roughly $107 million expected.
• Shares opened at $16.70, within a 12-month range of $5.51–$18.85. Insiders sold a combined 675,049 shares worth about $9.3 million last quarter.

Amplitude (NASDAQ:AMPL - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also weighed in on AMPL. KeyCorp boosted their price target on Amplitude from $14.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday. DA Davidson boosted their price target on Amplitude from $10.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday, August 6th. Piper Sandler increased their price target on shares of Amplitude from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday. UBS Group boosted their price target on Amplitude from $13.00 to $22.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Needham & Company LLC boosted their price objective on Amplitude from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $17.64.

Amplitude Price Performance

NASDAQ AMPL opened at $16.70 on Friday. The company has a market cap of $1.69 billion, a P/E ratio of -21.97 and a beta of 1.30. The company has a 50-day moving average of $14.81 and a 200-day moving average of $9.79. Amplitude has a 12 month low of $5.51 and a 12 month high of $18.85.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $110.64 million for the quarter, compared to the consensus estimate of $107.02 million. Amplitude had a negative return on equity of 42.62% and a negative net margin of 26.59%. As a group, equities research analysts anticipate that Amplitude will post -0.66 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Spenser Skates sold 6,651 shares of Amplitude stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $17.53, for a total value of $116,592.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $12.99, for a total value of $3,897,000.00. Following the transaction, the insider directly owned 1,622,696 shares of the company's stock, valued at $21,078,821.04. This represents 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. Insiders sold 675,049 shares of company stock worth $9,276,846 in the last quarter. Company insiders own 21.59% of the company's stock.

Institutional Trading of Amplitude

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vise Technologies Inc. grew its holdings in shares of Amplitude by 6.4% during the 3rd quarter. Vise Technologies Inc. now owns 14,040 shares of the company's stock worth $194,000 after acquiring an additional 843 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Amplitude by 169.1% in the third quarter. Nisa Investment Advisors LLC now owns 2,465 shares of the company's stock valued at $34,000 after buying an additional 1,549 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Amplitude by 4.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,249 shares of the company's stock worth $661,000 after acquiring an additional 1,816 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Amplitude by 838.1% in the 3rd quarter. Sterling Capital Management LLC now owns 3,180 shares of the company's stock worth $44,000 after purchasing an additional 2,841 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Amplitude in the second quarter worth $48,000. Institutional investors own 73.20% of the company's stock.

Trending Headlines about Amplitude

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Q3 results beat expectations. Amplitude reported earnings of $0.04 per share versus the $0.03 consensus and revenue of $110.65 million versus estimates of $107.02 million. Reports also highlighted 25% revenue growth and a full-year outlook above expectations—signs of solid business momentum. Q3 earnings results Sales and outlook
• Positive Sentiment: Analysts raised price targets after the report. UBS lifted its target to $22 and maintained a Buy rating; KeyCorp and Piper Sandler also raised targets to $22 with Overweight ratings. Needham raised its target to $21 and BTIG to $19, both with Buy ratings. These revisions suggest analysts see further potential after the results. UBS target increase Analyst forecast changes
• Neutral Sentiment: Citigroup’s view was more cautious. Citi raised its target from $11 to $18 but retained a Neutral rating, implying more limited upside than the higher targets from other firms. Citigroup rating
• Neutral Sentiment: The CEO reported small stock sales. Spenser Skates sold 962 shares across two transactions for about $16,837 in total. The disclosed sales are modest in size and may have limited significance for investors. SEC filing

About Amplitude

Amplitude, Inc is a software company that provides digital analytics and product experience solutions. Its platform helps organizations collect, analyze and act on user behavior data across websites, mobile applications and other digital products.

The company's offerings include Amplitude Analytics, which enables teams to measure user engagement, retention and conversion; experimentation tools for testing product changes; session replay capabilities for reviewing user interactions; and data management and governance features.

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