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

Amplitude, Inc. (NASDAQ:AMPL) has been given an average rating of “Hold” by the eight analysts that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $12.43.

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

Insider Buying and Selling at Amplitude

In related news, Director Eric Vishria sold 6,437 shares of the stock in a transaction 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 sale, the director now owns 279,771 shares of the company’s stock, valued at $3,362,847.42. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Amplitude during the 4th quarter worth about $38,000. Intech Investment Management LLC acquired a new stake in Amplitude during the third quarter worth approximately $128,000. KLP Kapitalforvaltning AS acquired a new stake in Amplitude during the fourth quarter worth approximately $171,000. Blue Trust Inc. grew its stake in Amplitude by 13.5% in the 3rd quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock worth $174,000 after acquiring an additional 2,324 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its holdings in Amplitude by 90.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 18,081 shares of the company’s stock valued at $191,000 after acquiring an additional 8,599 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Stock Performance

Shares of AMPL opened at $12.35 on Thursday. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.40. The firm has a 50-day simple moving average of $11.32 and a 200-day simple moving average of $9.87. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -18.43 and a beta of 1.37.

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.