Amplitude, Inc. (NASDAQ:AMPL) Receives $12.14 Consensus Target Price from Analysts

Shares of Amplitude, Inc. (NASDAQ:AMPL) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.43.

AMPL has been the subject of several recent research reports. 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 report on Friday, November 8th. Morgan Stanley raised shares of Amplitude from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $10.00 to $11.00 in a research report on Monday. Scotiabank upped their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a research report on Friday, December 13th. Finally, Piper Sandler raised shares of Amplitude from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $11.00 to $15.00 in a report on Monday, January 6th.

Insider Activity at Amplitude

In other news, Director Eric Vishria sold 25,000 shares of Amplitude stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total value of $254,500.00. Following the sale, the director now directly owns 286,208 shares of the company’s stock, valued at approximately $2,913,597.44. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amplitude

Several hedge funds have recently added to or reduced their stakes in AMPL. ArrowMark Colorado Holdings LLC grew its holdings 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 purchasing an additional 535,624 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Amplitude by 524.9% in the third quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock worth $4,132,000 after buying an additional 386,915 shares during the last quarter. Horrell Capital Management Inc. acquired a new stake in shares of Amplitude during the 3rd quarter worth approximately $1,597,000. Circumference Group LLC acquired a new position in shares of Amplitude in the third quarter worth about $1,597,000. Finally, Geode Capital Management LLC boosted its position in Amplitude by 7.1% during the third 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. 73.20% of the stock is currently owned by institutional investors.

Amplitude Stock Up 1.9 %

Amplitude stock opened at $10.44 on Friday. Amplitude has a 52-week low of $7.37 and a 52-week high of $14.42. The company has a market cap of $987.53 million, a P/E ratio of -15.58 and a beta of 1.34. The business has a 50-day simple moving average of $10.73 and a two-hundred day simple moving average of $9.37.

Amplitude Company Profile

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.