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

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $11.57.

AMPL has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, November 8th. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target for the company in a research note on Friday, December 13th. Robert W. Baird boosted their target price on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Scotiabank raised their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th.

Amplitude Stock Performance

AMPL opened at $11.68 on Wednesday. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -17.43 and a beta of 1.38. The firm’s fifty day moving average is $10.02 and its 200 day moving average is $9.05. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.42.

Insiders Place Their Bets

In other news, Director Eric Vishria sold 6,437 shares of the stock in a transaction that occurred 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 directly owns 279,771 shares in the company, valued at approximately $3,362,847.42. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.80% of the company’s stock.

Institutional Trading of Amplitude

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Partners LLC purchased a new position in Amplitude during the 2nd quarter worth $41,000. Principal Financial Group Inc. purchased a new stake in Amplitude during the 2nd quarter valued at about $92,000. Intech Investment Management LLC acquired a new position in shares of Amplitude in the third quarter valued at about $128,000. XTX Topco Ltd purchased a new position in shares of Amplitude in the second quarter worth about $133,000. Finally, MQS Management LLC boosted its position in Amplitude by 69.4% in the second quarter. MQS Management LLC now owns 18,617 shares of the company’s stock valued at $166,000 after buying an additional 7,625 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

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.