DA Davidson Analysts Reduce Earnings Estimates for Amplitude

Key Points

• DA Davidson analysts have lowered their FY2026 earnings per share estimate for Amplitude to ($0.57) from ($0.56), while maintaining a "Buy" rating and a target price of $16.00.
• Amplitude's shares opened at $10.03, with a 50-day moving average of $11.57 and a market capitalization of $1.02 billion.
• Insider activity included Director Erica Schultz selling 10,000 shares valued at approximately $110,600, decreasing her ownership by 8.52%.

Amplitude, Inc. (NASDAQ:AMPL - Free Report) - Research analysts at DA Davidson decreased their FY2026 earnings per share estimates for Amplitude in a research report issued on Tuesday, September 30th. DA Davidson analyst C. Wright now expects that the company will post earnings of ($0.57) per share for the year, down from their previous estimate of ($0.56). DA Davidson currently has a "Buy" rating and a $16.00 target price on the stock. The consensus estimate for Amplitude's current full-year earnings is ($0.62) per share.

Several other equities research analysts have also recently weighed in on the company. Bank of America boosted their price objective on Amplitude from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Needham & Company LLC boosted their price objective on Amplitude from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Benchmark reissued a "buy" rating on shares of Amplitude in a research note on Friday, July 11th. Wall Street Zen cut Amplitude from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Piper Sandler boosted their price objective on Amplitude from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $14.20.

Amplitude Price Performance

Shares of NASDAQ AMPL opened at $10.03 on Thursday. The business's 50 day moving average is $11.57 and its two-hundred day moving average is $11.31. Amplitude has a 1-year low of $7.55 and a 1-year high of $14.88. The stock has a market capitalization of $1.02 billion, a P/E ratio of -13.20 and a beta of 1.52.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The firm had revenue of $83.27 million for the quarter, compared to analysts' expectations of $81.29 million. Amplitude's revenue for the quarter was up 13.6% compared to the same quarter last year.

Insider Activity

In other Amplitude news, Director Erica Schultz sold 10,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $11.06, for a total transaction of $110,600.00. Following the completion of the transaction, the director owned 107,406 shares in the company, valued at $1,187,910.36. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 25,000 shares of company stock worth $290,750 in the last ninety days. 23.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Alliancebernstein L.P. boosted its holdings in shares of Amplitude by 2,126.0% in 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 period. Baillie Gifford & Co. purchased a new stake in shares of Amplitude in the first quarter valued at approximately $20,292,000. Squarepoint Ops LLC boosted its holdings in shares of Amplitude by 932.3% in the second quarter. Squarepoint Ops LLC now owns 529,050 shares of the company's stock valued at $6,560,000 after purchasing an additional 477,801 shares during the period. Meros Investment Management LP boosted its holdings in shares of Amplitude by 4,682.9% in the first quarter. Meros Investment Management LP now owns 462,314 shares of the company's stock valued at $4,711,000 after purchasing an additional 452,648 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Amplitude by 149.4% in the second quarter. Bank of America Corp DE now owns 699,824 shares of the company's stock valued at $8,678,000 after purchasing an additional 419,248 shares during the period. Hedge funds and other institutional investors own 73.20% of the company's stock.

About Amplitude

Amplitude, Inc, together with its subsidiaries, provides a digital analytics platform that analyzes customer behavior in the United States and internationally. It offers Amplitude Analytics, which provides real-time product data and reconstructed user visits; Amplitude Experiment, a solution that allows teams to test new capabilities and safely roll out new features; Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities; and Amplitude Session Replay used by product, marketing, and data teams to understand user behavior, diagnose product issues, and improve product outcomes.

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