Amplitude (NASDAQ:AMPL) Sets New 52-Week High - Should You Buy?

Key Points

• Amplitude shares reached a new 52-week high of $16.17, with the stock last trading near $16.04 and up from its prior close of $15.67.
• Analysts maintain a consensus “Moderate Buy” rating, but the average price target is $13.05—below the current share price—despite Piper Sandler’s higher $18 target.
• The company met quarterly EPS expectations and exceeded revenue estimates, but it remains unprofitable; insiders have sold 560,000 shares worth approximately $7.26 million over the past 90 days.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report)'s share price reached a new 52-week high during trading on Monday. The company traded as high as $16.17 and last traded at $16.0440, with a volume of 118,714 shares. The stock had previously closed at $15.67.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMPL shares. UBS Group lifted their target price on Amplitude from $8.50 to $13.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Piper Sandler upped their target price on Amplitude from $13.00 to $18.00 and gave the stock an "overweight" rating in a report on Wednesday, September 30th. Citigroup increased their price target on Amplitude from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. BTIG Research raised their price target on Amplitude from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Raymond James Financial began coverage on Amplitude in a research note on Tuesday, June 30th. They issued a "strong-buy" rating and a $10.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Amplitude has a consensus rating of "Moderate Buy" and an average price target of $13.05.

Amplitude Price Performance

The business has a 50-day simple moving average of $13.15 and a two-hundred day simple moving average of $9.42. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -21.10 and a beta of 1.49.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01). Amplitude had a negative return on equity of 42.62% and a negative net margin of 26.59%. The company had revenue of $100.89 million during the quarter, compared to analysts' expectations of $98.16 million. Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. As a group, equities analysts anticipate that Amplitude, Inc. will post -0.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amplitude news, insider Nathaniel Glenn Crook sold 300,000 shares of Amplitude stock in a transaction on Friday, September 4th. The shares were sold at an average price of $12.99, for a total transaction of $3,897,000.00. Following the completion of the transaction, the insider directly owned 1,622,696 shares of the company's stock, valued at $21,078,821.04. The trade was a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Spenser Skates sold 70,087 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $14.52, for a total transaction of $1,017,663.24. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 560,000 shares of company stock worth $7,261,156. 21.59% of the stock is owned by company insiders.

Institutional Trading of Amplitude

Hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in Amplitude during the second quarter worth approximately $48,000. Kemnay Advisory Services Inc. bought a new stake in shares of Amplitude during the fourth quarter worth approximately $119,000. Krilogy Financial LLC acquired a new position in shares of Amplitude in the first quarter valued at approximately $77,000. Blue Trust Inc. grew its position in shares of Amplitude by 15.8% in the first quarter. Blue Trust Inc. now owns 40,204 shares of the company's stock valued at $274,000 after purchasing an additional 5,481 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of Amplitude by 85.4% in the first quarter. Inspire Investing LLC now owns 74,731 shares of the company's stock valued at $510,000 after purchasing an additional 34,431 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company's stock.

About Amplitude

Amplitude, Inc is a software company that provides a digital analytics platform designed to help organizations understand and improve digital products and customer experiences. Its platform enables businesses to collect, analyze and visualize behavioral data from websites, mobile applications and other digital services.

The company's product offerings include product analytics, session replay, experimentation and data management capabilities. These tools help product, marketing and engineering teams track user journeys, identify engagement trends, evaluate changes and make data-informed decisions throughout the product development and customer lifecycle.

Amplitude was founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang and is headquartered in San Francisco, California.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.