KeyCorp Has Lowered Expectations for Amplitude (NASDAQ:AMPL) Stock Price

Amplitude (NASDAQ:AMPL) had its target price dropped by equities research analysts at KeyCorp from $16.00 to $14.00 in a report issued on Thursday, MarketBeat.com reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 97.74% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Piper Sandler lowered their price target on shares of Amplitude from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amplitude in a report on Monday, December 29th. BTIG Research dropped their target price on Amplitude from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley set a $16.00 price target on Amplitude and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, Robert W. Baird raised their price objective on shares of Amplitude from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, December 19th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.18.

Amplitude Stock Down 1.1%

Amplitude stock opened at $7.08 on Thursday. The stock has a market cap of $946.53 million, a PE ratio of -10.57 and a beta of 1.48. Amplitude has a 12-month low of $5.99 and a 12-month high of $14.49. The business’s 50-day moving average price is $9.77 and its two-hundred day moving average price is $10.43.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $91.43 million for the quarter, compared to the consensus estimate of $90.35 million. Amplitude had a negative net margin of 25.80% and a negative return on equity of 31.40%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company posted $0.02 EPS. Amplitude has set its FY 2026 guidance at 0.080-0.130 EPS and its Q1 2026 guidance at -0.020–0.010 EPS. As a group, analysts expect that Amplitude will post -0.62 earnings per share for the current year.

Amplitude declared that its board has initiated a stock repurchase program on Wednesday, February 18th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 11.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Amplitude

In other news, CEO Spenser Skates sold 42,743 shares of the stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $12.01, for a total transaction of $513,343.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $10.88, for a total transaction of $108,800.00. Following the completion of the transaction, the director owned 114,906 shares in the company, valued at approximately $1,250,177.28. The trade was a 8.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 52,843 shares of company stock valued at $623,343. 23.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amplitude

Several large investors have recently added to or reduced their stakes in AMPL. AQR Capital Management LLC lifted its stake in Amplitude by 120.7% in the first quarter. AQR Capital Management LLC now owns 226,486 shares of the company’s stock valued at $2,308,000 after buying an additional 123,886 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Amplitude by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,399 shares of the company’s stock valued at $473,000 after acquiring an additional 2,038 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Amplitude during the 1st quarter valued at $580,000. Jones Financial Companies Lllp boosted its stake in Amplitude by 93,569.0% during the first quarter. Jones Financial Companies Lllp now owns 93,669 shares of the company’s stock worth $954,000 after acquiring an additional 93,569 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Amplitude by 60.0% during the first quarter. Goldman Sachs Group Inc. now owns 473,491 shares of the company’s stock worth $4,825,000 after acquiring an additional 177,599 shares in the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

Trending Headlines about Amplitude

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Board-approved $100 million share buyback (up to ~11.8% of shares) signals management thinks the stock is undervalued; buybacks can support the share price and EPS. RTT News: Buyback
• Positive Sentiment: Q4 results: revenue of $91.4M beat estimates and EPS of $0.04 met expectations; revenue growth of ~17% y/y and management set FY2026 revenue growth target of ~15% driven by AI agent adoption (agents now ~25% of queries). These metrics and AI adoption narrative support bullish sentiment. MSN: AI growth & results
• Neutral Sentiment: Company provided Q1 & FY26 EPS guidance (FY26: $0.080–0.130; Q1: -$0.020 to -$0.010). Guidance shows path toward profitability but still modest; impact depends on execution. Marketbeat: Guidance & metrics
• Neutral Sentiment: Multiple earnings call transcripts and presentations provide more color on product launches (agentic analytics) and customer traction — useful for long‑term thesis but less likely to move price immediately. Seeking Alpha: Call transcript
• Negative Sentiment: Several Wall Street firms trimmed price targets (KeyCorp $16→$14, Piper Sandler $12→$10, BTIG $14→$10) even while keeping buy/overweight ratings — this reduces near‑term analyst upside and may pressure sentiment. Benzinga: PT cuts
• Negative Sentiment: Market reaction appears muted or negative despite the buyback and decent revenue — likely because Amplitude remains unprofitable (negative net margin/ROE), EPS forecasts for the year remain negative, and some investors may be wary of valuation given prior highs. Zacks: Meets estimates
• Neutral Sentiment: Short‑interest entries in filings show odd/zero values and NaN increases (likely a data/reporting anomaly); current reported days‑to‑cover is 0.0 — not actionable until clearer data is available. (internal short‑interest entries)

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.