Amplitude (NASDAQ:AMPL) Upgraded by Morgan Stanley to Equal Weight Rating

Morgan Stanley upgraded shares of Amplitude (NASDAQ:AMPL) from an underweight rating to an equal weight rating in a research note published on Monday morning, Marketbeat reports. They currently have $11.00 price objective on the stock, up from their previous price objective of $10.00.

Several other equities research analysts also recently weighed in on AMPL. Piper Sandler upgraded Amplitude from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $11.00 to $15.00 in a report on Monday, January 6th. Scotiabank increased their price target 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. Robert W. Baird boosted their price target on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective on the stock in a report on Friday, December 13th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Amplitude currently has a consensus rating of “Hold” and a consensus target price of $12.43.

Amplitude Price Performance

Shares of NASDAQ AMPL opened at $10.85 on Monday. The business’s 50 day moving average is $10.73 and its two-hundred day moving average is $9.37. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.42. The stock has a market capitalization of $1.03 billion, a P/E ratio of -16.19 and a beta of 1.34.

Insider Activity at Amplitude

In related 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 in the company, valued at approximately $2,913,597.44. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amplitude

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kera Capital Partners Inc. purchased a new stake in Amplitude in the 4th quarter valued at $1,498,000. JPMorgan Chase & Co. raised its position in Amplitude by 38.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company’s stock valued at $754,000 after purchasing an additional 23,526 shares in the last quarter. Barclays PLC increased its position in shares of Amplitude by 371.7% in the 3rd quarter. Barclays PLC now owns 128,537 shares of the company’s stock valued at $1,153,000 after purchasing an additional 101,289 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Amplitude by 7.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock worth $17,078,000 after acquiring an additional 126,056 shares in the last quarter. Finally, M&T Bank Corp raised 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 purchasing an additional 72,806 shares in 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.