DA Davidson Cuts Amplitude (NASDAQ:AMPL) Price Target to $12.00

Amplitude (NASDAQ:AMPL - Free Report) had its price target trimmed by DA Davidson from $16.00 to $12.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock. DA Davidson also issued estimates for Amplitude's FY2026 earnings at ($0.62) EPS.

A number of other equities research analysts also recently weighed in on AMPL. Baird R W raised Amplitude from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 20th. Bank of America raised their price objective on shares of Amplitude from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and issued a $16.00 target price on shares of Amplitude in a research report on Tuesday, March 11th. Citigroup lifted their price objective on shares of Amplitude from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Finally, Piper Sandler increased their target price on shares of Amplitude from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Amplitude currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.40.

Amplitude Stock Down 1.4 %

Shares of Amplitude stock traded down $0.12 during trading on Monday, hitting $8.18. The stock had a trading volume of 891,269 shares, compared to its average volume of 641,233. Amplitude has a 1 year low of $7.37 and a 1 year high of $14.88. The stock has a 50 day simple moving average of $11.09 and a 200 day simple moving average of $10.69. The company has a market capitalization of $1.06 billion, a PE ratio of -10.62 and a beta of 1.40.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its 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). The firm had revenue of $78.13 million for the quarter, compared to analyst estimates of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. As a group, equities analysts expect that Amplitude will post -0.62 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Eric Vishria sold 35,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $12.80, for a total value of $448,000.00. Following the completion of the transaction, the director now directly owns 286,859 shares of the company's stock, valued at approximately $3,671,795.20. This represents a 10.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.80% of the stock is owned by company insiders.

Institutional Trading of Amplitude

A number of large investors have recently bought and sold shares of the stock. Occudo Quantitative Strategies LP boosted its stake in shares of Amplitude by 2.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 41,365 shares of the company's stock valued at $436,000 after purchasing an additional 832 shares in the last quarter. Rhumbline Advisers grew its stake in Amplitude by 1.0% during the fourth quarter. Rhumbline Advisers now owns 101,954 shares of the company's stock worth $1,076,000 after buying an additional 1,040 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock valued at $86,000 after acquiring an additional 1,492 shares during the last quarter. Legal & General Group Plc grew its position in Amplitude by 2.6% during the 4th quarter. Legal & General Group Plc now owns 82,998 shares of the company's stock worth $876,000 after acquiring an additional 2,111 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Amplitude by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,361 shares of the company's stock valued at $468,000 after purchasing an additional 2,512 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors.

Amplitude Company Profile

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.