Amplitude (NASDAQ:AMPL) Sets New 52-Week High - Here's What Happened

Key Points

• Amplitude shares reached a new 52-week high, trading as high as $13.68 and up about 7% from the prior close, giving the company a market capitalization of approximately $1.40 billion.
• Analyst sentiment is broadly positive: Amplitude has a consensus “Moderate Buy” rating and an average price target of $12.55, with Morgan Stanley raising its target to $16.00.
• The company matched quarterly EPS expectations at a loss of $0.01 while revenue of $100.89 million exceeded estimates; however, it continues to report negative profitability metrics and analysts expect a full-year loss.

Shares of Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $13.68 and last traded at $13.6950, with a volume of 158384 shares changing hands. The stock had previously closed at $12.96.

Analyst Ratings Changes

Several analysts have weighed in on AMPL shares. Morgan Stanley boosted their price target on shares of Amplitude from $12.00 to $16.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Piper Sandler raised their price objective on Amplitude from $11.00 to $13.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Raymond James Financial initiated coverage on Amplitude in a research note on Tuesday, June 30th. They set a "strong-buy" rating and a $10.00 price objective on the stock. BTIG Research lifted their price objective on Amplitude from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised Amplitude from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Amplitude currently has a consensus rating of "Moderate Buy" and an average target price of $12.55.

Amplitude Stock Up 7.0%

The firm's fifty day moving average price is $9.77 and its 200-day moving average price is $7.94. The stock has a market cap of $1.40 billion, a P/E ratio of -18.41 and a beta of 1.42.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, meeting analysts' consensus estimates of ($0.01). The company had revenue of $100.89 million during the quarter, compared to analyst estimates of $98.16 million. Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. Sell-side analysts predict that Amplitude, Inc. will post -0.63 earnings per share for the current year.

Insider Transactions at Amplitude

In other news, Director Catherine Wong sold 7,453 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $6.79, for a total transaction of $50,605.87. Following the completion of the sale, the director directly owned 111,462 shares in the company, valued at approximately $756,826.98. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Curtis Liu sold 22,201 shares of the firm's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $8.03, for a total value of $178,274.03. Following the completion of the sale, the chief technology officer directly owned 1,004,779 shares in the company, valued at $8,068,375.37. The trade was a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 21.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Amplitude in the 3rd quarter worth approximately $32,000. Osaic Holdings Inc. raised its holdings in shares of Amplitude by 57.8% during the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company's stock valued at $64,000 after acquiring an additional 1,879 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of Amplitude during the fourth quarter valued at approximately $116,000. Kemnay Advisory Services Inc. purchased a new position in Amplitude during the 4th quarter valued at $119,000. Finally, Merit Financial Group LLC purchased a new position in Amplitude during the 4th quarter valued at $120,000. Institutional investors own 73.20% of the company's stock.

About Amplitude

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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