Robert W. Baird Has Lowered Expectations for Amplitude (NASDAQ:AMPL) Stock Price

Amplitude (NASDAQ:AMPL) had its target price reduced by equities research analysts at Robert W. Baird from $16.00 to $14.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 42.93% from the stock’s current price.

A number of other equities research analysts also recently issued reports on AMPL. DA Davidson restated a “buy” rating and issued a $16.00 target price on shares of Amplitude in a report on Monday, September 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Amplitude in a report on Wednesday, October 8th. Piper Sandler restated an “overweight” rating and issued a $16.00 target price on shares of Amplitude in a report on Thursday. Wall Street Zen downgraded shares of Amplitude from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Needham & Company LLC lifted their price target on shares of Amplitude from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.40.

Amplitude Trading Up 1.6%

Shares of NASDAQ AMPL traded up $0.16 during midday trading on Thursday, reaching $9.80. 3,384,926 shares of the stock were exchanged, compared to its average volume of 1,291,059. The company has a market capitalization of $1.00 billion, a P/E ratio of -12.89 and a beta of 1.51. Amplitude has a 52-week low of $7.55 and a 52-week high of $14.88. The stock has a 50 day moving average price of $10.66 and a 200-day moving average price of $11.33.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Amplitude had a negative net margin of 30.43% and a negative return on equity of 33.08%. The business had revenue of $88.57 million during the quarter, compared to the consensus estimate of $86.29 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. Amplitude has set its FY 2025 guidance at 0.060-0.08 EPS. Q4 2025 guidance at 0.040-0.05 EPS. On average, analysts forecast that Amplitude will post -0.62 earnings per share for the current year.

Insider Activity at Amplitude

In other news, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $10.12, for a total transaction of $101,200.00. Following the transaction, the director directly owned 107,406 shares of the company’s stock, valued at approximately $1,086,948.72. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 27,500 shares of company stock worth $297,750 over the last 90 days. Insiders own 23.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC lifted its position in shares of Amplitude by 5.6% during the second quarter. ProShare Advisors LLC now owns 17,865 shares of the company’s stock worth $222,000 after purchasing an additional 955 shares in the last quarter. Blue Trust Inc. raised its holdings in Amplitude by 3.9% in the third quarter. Blue Trust Inc. now owns 34,092 shares of the company’s stock valued at $365,000 after acquiring an additional 1,265 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Amplitude by 2.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,739 shares of the company’s stock valued at $592,000 after acquiring an additional 1,340 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Amplitude by 33.3% in the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock valued at $59,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Amplitude by 57.8% in 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. 73.20% of the stock is owned by institutional investors and hedge funds.

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.