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

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been given an average rating of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $12.14.

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

Amplitude Stock Down 4.3 %

AMPL stock opened at $10.21 on Friday. The firm has a market capitalization of $965.77 million, a PE ratio of -15.24 and a beta of 1.34. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.42. The stock has a 50-day simple moving average of $10.69 and a two-hundred day simple moving average of $9.35.

Insider Buying and Selling at Amplitude

In other news, Director Eric Vishria sold 6,437 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $12.02, for a total transaction of $77,372.74. Following the transaction, the director now directly owns 279,771 shares of the company’s stock, valued at approximately $3,362,847.42. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Amplitude

Several hedge funds have recently made changes to their positions in the business. FMR LLC grew its stake in Amplitude by 0.8% in the third quarter. FMR LLC now owns 8,056,003 shares of the company’s stock worth $72,262,000 after purchasing an additional 64,574 shares during the period. Geode Capital Management LLC grew its stake in Amplitude by 7.1% in 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 during the period. ArrowMark Colorado Holdings LLC grew its stake 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 period. Charles Schwab Investment Management Inc. grew its stake in Amplitude by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 651,605 shares of the company’s stock worth $5,845,000 after purchasing an additional 20,657 shares during the period. Finally, Cerity Partners LLC grew its stake in 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 purchasing an additional 386,915 shares during the period. 73.20% of the stock is owned by hedge funds and other institutional investors.

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.