Amplitude, Inc. (NASDAQ:AMPL) Receives $11.57 Consensus Price Target from Brokerages

Amplitude, Inc. (NASDAQ:AMPL) has received an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.57.

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

Amplitude Price Performance

Shares of AMPL opened at $11.01 on Wednesday. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42. The stock has a fifty day moving average price of $10.17 and a 200 day moving average price of $9.10. The company has a market cap of $1.04 billion, a P/E ratio of -16.43 and a beta of 1.38.

Insider Buying and Selling at Amplitude

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its holdings in Amplitude by 371.7% in the 3rd quarter. Barclays PLC now owns 128,537 shares of the company’s stock valued at $1,153,000 after acquiring an additional 101,289 shares during the last quarter. Geode Capital Management LLC raised 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 worth $17,078,000 after purchasing an additional 126,056 shares in the last quarter. M&T Bank Corp lifted its stake in Amplitude by 86.8% during the third quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock valued at $1,405,000 after purchasing an additional 72,806 shares during the last quarter. Circumference Group LLC bought a new stake in Amplitude during the third quarter worth approximately $1,597,000. Finally, ArrowMark Colorado Holdings LLC grew its position in Amplitude by 56.6% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock worth $13,300,000 after buying an additional 535,624 shares during the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.

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.