Amplitude, Inc. (NASDAQ:AMPL) Given Consensus Rating of “Reduce” by Brokerages

Amplitude, Inc. (NASDAQ:AMPL) has earned an average recommendation of “Reduce” from the seven research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $11.00.

A number of analysts have recently issued reports on the company. Piper Sandler lifted their price target on Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Robert W. Baird lifted their target price on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Scotiabank increased their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research 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 for the company in a research note on Friday, August 9th.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total transaction of $254,500.00. Following the completion of the sale, the director now owns 286,208 shares of the company’s stock, valued at $2,913,597.44. This trade represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amplitude

A number of hedge funds have recently modified their holdings of AMPL. Russell Investments Group Ltd. purchased a new stake in shares of Amplitude in the 1st quarter valued at approximately $45,000. ProShare Advisors LLC raised its position in Amplitude by 10.2% in the first quarter. ProShare Advisors LLC now owns 12,356 shares of the company’s stock valued at $134,000 after purchasing an additional 1,145 shares during the period. Vanguard Group Inc. lifted its stake in Amplitude by 3.4% during the first quarter. Vanguard Group Inc. now owns 8,107,888 shares of the company’s stock worth $88,214,000 after purchasing an additional 264,477 shares in the last quarter. Bessemer Group Inc. acquired a new position in Amplitude during the first quarter worth $177,000. Finally, Janus Henderson Group PLC boosted its position in shares of Amplitude by 3,607.6% during the first quarter. Janus Henderson Group PLC now owns 859,723 shares of the company’s stock worth $9,353,000 after buying an additional 836,535 shares during the period. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Amplitude Trading Up 2.4 %

Shares of Amplitude stock opened at $10.74 on Friday. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.42. The firm has a market capitalization of $1.02 billion, a PE ratio of -16.02 and a beta of 1.31. The firm’s 50-day moving average price is $9.24 and its 200 day moving average price is $8.86.

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.