Amplitude’s (AMPL) “Buy” Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Amplitude (NASDAQ:AMPL) in a report issued on Tuesday,Benzinga reports. DA Davidson currently has a $16.00 price objective on the stock. DA Davidson also issued estimates for Amplitude’s FY2026 earnings at ($0.60) EPS.

A number of other research firms also recently issued reports on AMPL. Robert W. Baird raised Amplitude from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $12.00 to $17.00 in a research report on Thursday, February 20th. UBS Group lifted their price target on Amplitude from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Baird R W upgraded Amplitude from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of Amplitude in a research report on Tuesday. Finally, Citigroup lifted their price target on shares of Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Amplitude Trading Down 5.9 %

Shares of Amplitude stock opened at $11.40 on Tuesday. The company has a market capitalization of $1.48 billion, a PE ratio of -14.81 and a beta of 1.35. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.88. The stock’s fifty day simple moving average is $11.88 and its 200 day simple moving average is $10.46.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.27). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The firm had revenue of $78.13 million during the quarter, compared to analyst estimates of $76.68 million. Analysts predict that Amplitude will post -0.62 EPS for the current fiscal year.

Insider Transactions at Amplitude

In related news, Director Eric Vishria sold 3,563 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total value of $42,756.00. Following the sale, the director now owns 276,208 shares of the company’s stock, valued at $3,314,496. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Amplitude

Institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Amplitude by 8.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,843 shares of the company’s stock valued at $1,539,000 after acquiring an additional 11,765 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Amplitude in the 4th quarter worth about $716,000. Thrive Capital Management LLC acquired a new stake in shares of Amplitude in the 4th quarter worth about $904,000. State of Wyoming increased its stake in Amplitude by 991.2% in the 4th quarter. State of Wyoming now owns 30,020 shares of the company’s stock valued at $317,000 after buying an additional 27,269 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Amplitude in the 4th quarter valued at about $4,320,000. 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.