Amplitude, Inc. (NASDAQ:AMPL) Given Average Recommendation of “Hold” by Analysts

Amplitude, Inc. (NASDAQ:AMPL) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $11.57.

Several research firms recently commented on AMPL. KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target on the stock in a research report on Friday, December 13th. Scotiabank upped their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Piper Sandler raised their price target on shares of Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Robert W. Baird boosted their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, November 8th.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 6,437 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.02, for a total value of $77,372.74. Following the completion of the sale, the director now directly owns 279,771 shares of the company’s stock, valued at $3,362,847.42. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AMPL. ArrowMark Colorado Holdings LLC raised its position in shares of Amplitude by 56.6% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock valued at $13,300,000 after acquiring an additional 535,624 shares in the last quarter. Cerity Partners LLC increased its stake in Amplitude by 524.9% during the third quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock valued at $4,132,000 after purchasing an additional 386,915 shares during the last quarter. Horrell Capital Management Inc. acquired a new stake in shares of Amplitude during the third quarter worth $1,597,000. Circumference Group LLC bought a new position in shares of Amplitude in the 3rd quarter worth about $1,597,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Amplitude by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock valued at $17,078,000 after buying an additional 126,056 shares during the period. Institutional investors own 73.20% of the company’s stock.

Amplitude Stock Up 0.9 %

AMPL opened at $11.02 on Wednesday. Amplitude has a 52-week low of $7.37 and a 52-week high of $14.42. The company has a 50 day moving average of $10.25 and a two-hundred day moving average of $9.14. The company has a market cap of $1.04 billion, a P/E ratio of -16.45 and a beta of 1.38.

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.