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

Amplitude, Inc. (NASDAQ:AMPL) has received an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $12.43.

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

Insider Transactions at Amplitude

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total value of $254,500.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 35,000 shares of company stock worth $374,629. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Amplitude

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Amplitude by 371.7% during the 3rd quarter. Barclays PLC now owns 128,537 shares of the company’s stock worth $1,153,000 after purchasing an additional 101,289 shares in the last quarter. M&T Bank Corp boosted its holdings in Amplitude by 86.8% during the third quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock worth $1,405,000 after buying an additional 72,806 shares in the last quarter. JPMorgan Chase & Co. grew its position in Amplitude by 38.9% during the third quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company’s stock worth $754,000 after buying an additional 23,526 shares during the period. Walleye Capital LLC purchased a new position in Amplitude in the third quarter valued at about $726,000. Finally, Geode Capital Management LLC increased its holdings in Amplitude by 7.1% in the third 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 in the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Amplitude Stock Down 2.5 %

NASDAQ AMPL opened at $12.30 on Thursday. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.42. The stock has a market capitalization of $1.16 billion, a PE ratio of -18.36 and a beta of 1.37. The firm has a 50 day moving average of $11.15 and a two-hundred day moving average of $9.73.

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.