Amplitude (NASDAQ:AMPL) Receives “Buy” Rating from DA Davidson

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

AMPL has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Amplitude in a research note on Tuesday. Bank of America lifted their target price on shares of Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Morgan Stanley lifted their target price on shares of Amplitude from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. Robert W. Baird raised shares of Amplitude from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $12.00 to $17.00 in a report on Thursday, February 20th. Finally, UBS Group boosted their price objective on shares of Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Four 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 stock has an average rating of “Moderate Buy” and an average price target of $15.00.

Amplitude Trading Down 5.9 %

AMPL stock opened at $11.40 on Tuesday. The firm’s 50-day moving average price is $11.88 and its two-hundred day moving average price is $10.46. Amplitude has a 12-month low of $7.37 and a 12-month high of $14.88. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -14.81 and a beta of 1.35.

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

Insiders Place Their Bets

In related news, Director Eric Vishria sold 35,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the completion of the transaction, the director now owns 286,859 shares in the company, valued at approximately $3,671,795.20. This represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Amplitude

A number of hedge funds and other institutional investors have recently modified their holdings of AMPL. Headlands Technologies LLC bought a new position in shares of Amplitude during the fourth quarter worth $38,000. Aquatic Capital Management LLC grew its stake in shares of Amplitude by 176.5% in the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock worth $44,000 after buying an additional 2,647 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Amplitude by 255.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock worth $75,000 after buying an additional 5,100 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Amplitude by 22.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock worth $86,000 after buying an additional 1,492 shares in the last quarter. Finally, Meros Investment Management LP purchased a new position in shares of Amplitude in the 4th quarter worth $102,000. 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.