Amplitude (NASDAQ:AMPL) Upgraded to Strong-Buy by Baird R W

On February 22, 2025, Amplitude (NASDAQ:AMPL) received a significant upgrade from Baird R W, increasing its rating from "hold" to "strong-buy" in a research report provided to clients and investors. This news highlights the growing confidence in the company's potential for growth.

Additionally, other research firms have weighed in on Amplitude's prospects. KeyCorp elevated its rating from "sector weight" to "overweight" and set a price target of $15.00 in a note published on December 13th. Similarly, UBS Group raised their price target on Amplitude from $10.00 to $13.00 while maintaining a "neutral" rating. Scotiabank also adjusted their price target upwards from $10.00 to $12.00, assigning a "sector perform" rating in a note from November 8th. Furthermore, Morgan Stanley increased their target from $11.00 to $13.00, giving an "equal weight" rating. In another development, DA Davidson upgraded Amplitude from a "neutral" rating to a "buy" rating and increased its price target for the stock from $12.50 to $16.00. Overall, among analysts covering the stock, three have opted for a hold rating, five have issued a buy rating, and one has given a strong buy recommendation. MarketBeat.com reports that Amplitude currently holds a consensus rating of "Moderate Buy" with an average price target of $14.88.

Amplitude's Market Performance

During trading on Thursday, Amplitude shares opened at $13.40. The company has a 50-day moving average of $11.49, alongside a 200-day moving average of $10.07. Over the past year, the stock reached a low of $7.37 and a high of $14.88, reflecting its volatility. Amplitude's market capitalization stands at $1.27 billion, with a PE ratio of -17.40 and a beta of 1.37, indicating higher volatility relative to the market.

Amplitude reported its quarterly earnings on February 19th, revealing a disappointing loss of $0.26 per share, which fell short of analyst projections that had estimated earnings of $0.01. However, the company generated revenue of $78.13 million for the quarter, surpassing expectations of $76.68 million. The firm reported a negative return on equity of 32.45% and a net margin of -31.52%. Analysts project that Amplitude will report -0.61 EPS for the current fiscal year.

Insider Trading Activity

In related developments, Eric Vishria, a director at Amplitude, sold 6,437 shares of the company on December 13th, at an average price of $12.02, totaling $77,372.74. Consequently, he now holds approximately 279,771 shares valued at about $3.36 million. This transaction indicates a 2.25% reduction in his ownership stake, as detailed in a filing with the SEC. Company insiders currently own 4.80% of the stock.

Institutional Holdings and Changes

Recent shifts in institutional holdings reflect growing interest in Amplitude. Headlands Technologies LLC recently acquired a new stake in the company, valued at around $38,000 during the fourth quarter. Aquatic Capital Management LLC increased its holdings by 176.5%, now owning 4,147 shares worth $44,000 after an additional purchase of 2,647 shares. The Canada Pension Plan Investment Board raised its stake by 255%, now owning 7,100 shares valued at $75,000 after acquiring 5,100 new shares. Summit Investment Advisors Inc. increased its holdings by 22.3% to 8,172 shares worth $86,000, and Meros Investment Management LP established a new position during the fourth quarter valued at $102,000. Overall, institutional investors and hedge funds collectively own 73.20% of Amplitude's stock.

About Amplitude

Amplitude, Inc. is a digital analytics company that analyzes customer behavior both in the United States and internationally. The company provides various products, including Amplitude Analytics, which offers real-time product data and reconstructed user visits; Amplitude Experiment, which allows teams to test new features; Amplitude CDP for data management and audience insights; and Amplitude Session Replay to help teams understand user behavior and enhance product outcomes.

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