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

Amplitude, Inc. (NASDAQ:AMPL) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $11.57.

Several equities analysts have weighed in on the company. Scotiabank raised their target price on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Piper Sandler boosted their target price on Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Robert W. Baird increased their price target on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, KeyCorp raised shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target on the stock in a research report on Friday, December 13th.

Amplitude Trading Up 0.5 %

Amplitude stock opened at $11.01 on Wednesday. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.42. The firm’s fifty day simple moving average is $10.17 and its 200-day simple moving average is $9.10. The company has a market capitalization of $1.04 billion, a P/E ratio of -16.43 and a beta of 1.38.

Insider Transactions at Amplitude

In other Amplitude news, Director Eric Vishria sold 6,437 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.02, for a total value of $77,372.74. Following the completion of the sale, the director now directly owns 279,771 shares of the company’s stock, valued at $3,362,847.42. This represents a 2.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. ArrowMark Colorado Holdings LLC lifted its stake in shares of Amplitude by 56.6% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock valued at $13,300,000 after buying an additional 535,624 shares during the period. Cerity Partners LLC lifted its position in shares of Amplitude by 524.9% in the 3rd quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock worth $4,132,000 after acquiring an additional 386,915 shares during the period. Horrell Capital Management Inc. bought a new stake in shares of Amplitude in the 3rd quarter worth approximately $1,597,000. Circumference Group LLC acquired a new stake in shares of Amplitude during the 3rd quarter worth approximately $1,597,000. Finally, Geode Capital Management LLC increased its position in shares of Amplitude by 7.1% during the third quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock valued at $17,078,000 after purchasing an additional 126,056 shares during the period. 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.