Amplitude (NASDAQ:AMPL) Stock Price Expected to Rise, KeyCorp Analyst Says

Amplitude (NASDAQ:AMPL) had its target price lifted by stock analysts at KeyCorp from $14.00 to $22.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp‘s target price would indicate a potential upside of 29.86% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. DA Davidson raised their target price on Amplitude from $10.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC boosted their price target on Amplitude from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley increased their price objective on Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Citigroup raised their price objective on Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, UBS Group raised their price objective on Amplitude from $8.50 to $13.00 and gave the company a “buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.18.

Amplitude Stock Performance

Shares of AMPL traded down $0.25 during mid-day trading on Thursday, hitting $16.94. 498,745 shares of the company were exchanged, compared to its average volume of 2,114,612. Amplitude has a 1-year low of $5.51 and a 1-year high of $18.85. The company has a 50 day moving average of $14.70 and a 200-day moving average of $9.73. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -22.52 and a beta of 1.30.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $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 $110.64 million for the quarter, compared to analysts’ expectations of $107.02 million. Research analysts anticipate that Amplitude will post -0.66 earnings per share for the current fiscal year.

Insider Transactions at Amplitude

In other news, CEO Spenser Skates sold 6,651 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $17.53, for a total transaction of $116,592.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 1,622,696 shares in the company, valued at approximately $21,078,821.04. This represents 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. In the last quarter, insiders sold 674,087 shares of company stock valued at $9,260,009. 21.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Amplitude

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its position in Amplitude by 169.1% during the third 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 boosted its stake in Amplitude by 838.1% during the third 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 last quarter. Integrated Wealth Concepts LLC purchased a new stake in Amplitude in the 2nd quarter valued at $48,000. Vise Technologies Inc. grew its holdings in Amplitude by 6.4% in the 3rd quarter. Vise Technologies Inc. now owns 14,040 shares of the company’s stock valued at $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 3rd quarter worth $337,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

More Amplitude News

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.

Amplitude Company Profile

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.