Amplitude, Inc. (NASDAQ:AMPL) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Amplitude, Inc. (NASDAQ:AMPL) have earned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $11.00.

AMPL has been the subject of several recent research reports. 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 research report on Friday, November 8th. Robert W. Baird lifted their target price on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Scotiabank upped their price target on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Finally, UBS Group dropped their price objective on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th.

Insider Transactions at Amplitude

In other news, Director Eric Vishria sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total transaction of $254,500.00. Following the transaction, the director now directly owns 286,208 shares in the company, valued at approximately $2,913,597.44. This trade represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Partners LLC acquired a new stake in shares of Amplitude during the second quarter worth about $41,000. Russell Investments Group Ltd. purchased a new stake in Amplitude during the 1st quarter valued at approximately $45,000. Principal Financial Group Inc. acquired a new stake in Amplitude during the 2nd quarter worth approximately $92,000. Intech Investment Management LLC purchased a new position in shares of Amplitude in the 3rd quarter valued at approximately $128,000. Finally, XTX Topco Ltd acquired a new position in shares of Amplitude in the second quarter valued at approximately $133,000. 73.20% of the stock is owned by hedge funds and other institutional investors.

Amplitude Stock Performance

Shares of AMPL stock opened at $10.74 on Friday. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.42. The company has a 50 day moving average price of $9.24 and a 200 day moving average price of $8.86. The stock has a market capitalization of $1.02 billion, a P/E ratio of -16.02 and a beta of 1.31.

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.