DA Davidson Issues Positive Estimate for Amplitude Earnings

Amplitude, Inc. (NASDAQ:AMPL) – Equities researchers at DA Davidson boosted their FY2026 earnings estimates for shares of Amplitude in a note issued to investors on Tuesday, March 11th. DA Davidson analyst C. Wright now anticipates that the company will post earnings per share of ($0.60) for the year, up from their previous estimate of ($0.61). DA Davidson has a “Buy” rating and a $16.00 price objective on the stock. The consensus estimate for Amplitude’s current full-year earnings is ($0.62) per share.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.27). The firm had revenue of $78.13 million during the quarter, compared to analysts’ expectations of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%.

Several other brokerages have also recently commented on AMPL. UBS Group raised their price objective on shares of Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Baird R W upgraded shares of 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 note on Thursday, February 20th. Piper Sandler raised their price objective on shares of Amplitude from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Finally, KeyCorp upgraded shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price for the company in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Amplitude Stock Down 5.9 %

Shares of NASDAQ:AMPL opened at $11.40 on Thursday. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.88. The firm’s 50-day simple moving average is $11.88 and its 200-day simple moving average is $10.46. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -14.81 and a beta of 1.35.

Insider Activity

In other news, Director Eric Vishria sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 owns 286,859 shares of the company’s stock, valued at $3,671,795.20. The trade was a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Amplitude

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Amplitude by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock valued at $96,951,000 after buying an additional 447,277 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Amplitude by 9.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company’s stock valued at $94,911,000 after purchasing an additional 770,227 shares during the period. FMR LLC grew its holdings in Amplitude by 0.8% in the third quarter. FMR LLC now owns 8,056,003 shares of the company’s stock valued at $72,262,000 after purchasing an additional 64,574 shares during the period. Sunriver Management LLC grew its holdings in Amplitude by 24.3% in the fourth quarter. Sunriver Management LLC now owns 3,772,808 shares of the company’s stock valued at $39,803,000 after purchasing an additional 737,600 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Amplitude by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company’s stock valued at $20,636,000 after purchasing an additional 52,033 shares during the period. Institutional investors and hedge funds own 73.20% of the company’s stock.

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.