Amplitude (NASDAQ:AMPL) Reaches New 1-Year High on Earnings Beat

Key Points

• Amplitude beat quarterly expectations: Earnings per share were $0.04 versus the $0.03 consensus, while revenue of $110.6 million topped estimates of $107.0 million.
• The shares reached a new 52-week high of $18.50 after the results. Coverage cited 25% revenue growth and a full-year outlook above expectations, with enterprise AI adoption and new products supporting momentum.
• Profitability remains a concern: Amplitude reported a negative net margin of 26.59% and negative return on equity of 42.62%, despite the upbeat quarter.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) hit a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $18.50 and last traded at $17.8850, with a volume of 34,377 shares trading hands. The stock had previously closed at $17.19.

The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. The business had revenue of $110.64 million for the quarter, compared to analyst estimates of $107.02 million.

Key Stories Impacting Amplitude

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Amplitude reported third-quarter EPS of $0.04, beating the $0.03 consensus and rising from $0.02 a year earlier. Revenue of about $110.6 million also topped expectations of $107.0 million. Zacks report on third-quarter results
• Positive Sentiment: Coverage highlighted 25% revenue growth and a record margin, with enterprise AI adoption and new products contributing to growth. The company’s full-year outlook also exceeded expectations, supporting optimism about momentum beyond the quarter. Q3 business and growth analysis Q3 sales and outlook report
• Positive Sentiment: Needham raised its price target to $21 from $18 and maintained a Buy rating. Analysts have also lifted forecasts after the better-than-expected quarter, signaling increased confidence in Amplitude’s prospects. Analyst forecast changes
• Neutral Sentiment: Despite the positive quarterly results, Amplitude still reported a negative net margin and negative return on equity, so sustained growth and improving profitability remain important to the investment outlook.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Amplitude from $14.00 to $16.50 and gave the company a "neutral" rating in a report on Wednesday, October 14th. UBS Group upped their price target on Amplitude from $8.50 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Piper Sandler lifted their price target on Amplitude from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday. Weiss Ratings raised shares of Amplitude from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. Finally, BTIG Research upped their price objective on Amplitude from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $15.45.

Insider Transactions at Amplitude

In other news, CEO Spenser Skates sold 6,651 shares of the firm's stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $17.53, for a total value of $116,592.03. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Nathaniel Glenn Crook sold 300,000 shares of Amplitude stock in a transaction on Friday, September 4th. The stock was sold at an average price of $12.99, for a total value of $3,897,000.00. Following the completion of the transaction, the insider owned 1,622,696 shares in the company, valued at $21,078,821.04. The trade was a 15.60% decrease in their ownership of the stock. 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 have sold a total of 674,087 shares of company stock valued at $9,260,009 in the last quarter. Company insiders own 21.59% of the company's stock.

Institutional Trading of Amplitude

Several large investors have recently modified their holdings of AMPL. Nisa Investment Advisors LLC lifted its holdings in Amplitude by 169.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,465 shares of the company's stock worth $34,000 after buying an additional 1,549 shares in the last quarter. Sterling Capital Management LLC raised its stake in Amplitude by 838.1% during the 3rd quarter. Sterling Capital Management LLC now owns 3,180 shares of the company's stock worth $44,000 after buying an additional 2,841 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Amplitude in the second quarter valued at approximately $48,000. Vise Technologies Inc. grew its holdings in shares of Amplitude by 6.4% during the third quarter. Vise Technologies Inc. now owns 14,040 shares of the company's stock worth $194,000 after buying an additional 843 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Amplitude in the third quarter valued at about $337,000. 73.20% of the stock is owned by institutional investors.

Amplitude Trading Up 0.4%

The company has a market cap of $1.75 billion, a P/E ratio of -23.29 and a beta of 1.30. The firm has a 50 day moving average of $14.70 and a 200-day moving average of $9.73.

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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