Amplitude (NASDAQ:AMPL) Trading 7.4% Higher – Still a Buy?

Amplitude, Inc. (NASDAQ:AMPL)’s stock price traded up 7.4% during trading on Friday . The stock traded as high as $7.41 and last traded at $7.3890. 617,135 shares were traded during trading, a decline of 71% from the average session volume of 2,100,494 shares. The stock had previously closed at $6.88.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group cut their target price on shares of Amplitude from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. KeyCorp cut their target price on shares of Amplitude from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Weiss Ratings downgraded shares of Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. Piper Sandler dropped their price target on shares of Amplitude from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Finally, Bank of America restated a “neutral” rating and issued a $8.00 price target (down from $10.00) on shares of Amplitude in a research report on Thursday, May 7th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.44.

Amplitude Stock Performance

The stock has a market cap of $796.16 million, a P/E ratio of -11.41 and a beta of 1.43. The company’s 50 day moving average price is $6.69 and its 200-day moving average price is $8.54.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $93.49 million for the quarter, compared to the consensus estimate of $92.95 million. Amplitude had a negative net margin of 25.11% and a negative return on equity of 34.98%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. Amplitude has set its Q2 2026 guidance at -0.020–0.010 EPS and its FY 2026 guidance at 0.030-0.060 EPS. On average, analysts forecast that Amplitude, Inc. will post -0.59 earnings per share for the current fiscal year.

Amplitude declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 18th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 11.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, CTO Curtis Liu sold 17,586 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $8.12, for a total value of $142,798.32. Following the sale, the chief technology officer directly owned 1,067,259 shares of the company’s stock, valued at approximately $8,666,143.08. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 21.59% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AMPL. UBS Group AG lifted its holdings in Amplitude by 173.8% in the 4th quarter. UBS Group AG now owns 544,805 shares of the company’s stock worth $6,309,000 after purchasing an additional 345,813 shares in the last quarter. Gagnon Securities LLC purchased a new stake in Amplitude during the 3rd quarter valued at $5,475,000. Vanguard Group Inc. raised its holdings in Amplitude by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 9,891,218 shares of the company’s stock valued at $106,034,000 after buying an additional 252,646 shares during the period. Gagnon Advisors LLC purchased a new stake in Amplitude during the 3rd quarter valued at $3,784,000. Finally, Neuberger Berman Group LLC purchased a new stake in Amplitude in the third quarter worth $4,573,000. 73.20% of the stock is owned by hedge funds and other institutional investors.

About Amplitude

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.