DA Davidson Has Optimistic View of Amplitude FY2026 Earnings

Amplitude, Inc. (NASDAQ:AMPL - Free Report) - DA Davidson upped their FY2026 earnings estimates for Amplitude in a note issued to investors on Thursday, May 8th. DA Davidson analyst C. Wright now anticipates that the company will post earnings of ($0.61) per share for the year, up from their prior forecast of ($0.62). DA Davidson has a "Buy" rating and a $12.00 price target on the stock. The consensus estimate for Amplitude's current full-year earnings is ($0.62) per share.

Several other analysts have also recently weighed in on the stock. Baird R W raised shares of Amplitude from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 20th. UBS Group decreased their price objective on shares of Amplitude from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Scotiabank reduced their target price on shares of Amplitude from $12.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Piper Sandler upped their target price on shares of Amplitude from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Bank of America upped their target price on shares of Amplitude from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.60.

Amplitude Stock Performance

Amplitude stock traded down $0.17 during trading hours on Monday, hitting $12.14. 1,755,094 shares of the stock were exchanged, compared to its average volume of 727,536. The stock has a market capitalization of $1.20 billion, a P/E ratio of -15.77 and a beta of 1.40. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.88. The business's 50-day moving average is $10.05 and its two-hundred day moving average is $10.79.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.16). The business had revenue of $79.95 million during the quarter, compared to the consensus estimate of $79.81 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The business's revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS.

Hedge Funds Weigh In On Amplitude

Large investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in Amplitude in the fourth quarter valued at approximately $38,000. Aquatic Capital Management LLC increased its stake in Amplitude by 176.5% in the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock valued at $44,000 after purchasing an additional 2,647 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Amplitude by 33.3% in the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock valued at $59,000 after purchasing an additional 1,455 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Amplitude by 255.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock valued at $75,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock valued at $86,000 after purchasing an additional 1,492 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $10.15, for a total value of $253,750.00. Following the transaction, the director now directly owns 261,859 shares in the company, valued at $2,657,868.85. This represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 23.83% of the stock is currently owned by company insiders.

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.