Amplitude (NASDAQ:AMPL) Raised to Hold at DA Davidson

Amplitude (NASDAQ:AMPL) was upgraded by equities research analysts at DA Davidson to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Scotiabank upped 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. Piper Sandler upgraded shares of Amplitude from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $11.00 to $15.00 in a research report on Monday, January 6th. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a report on Friday, December 13th. Morgan Stanley upgraded 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. Finally, Robert W. Baird raised their price target on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.43.

Amplitude Trading Down 0.7 %

NASDAQ AMPL opened at $12.45 on Monday. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42. The stock has a 50-day simple moving average of $11.30 and a 200 day simple moving average of $9.85. The company has a market capitalization of $1.18 billion, a PE ratio of -18.58 and a beta of 1.37.

Insider Activity

In other news, Director Eric Vishria sold 3,563 shares of Amplitude stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total value of $42,756.00. Following the sale, the director now directly owns 276,208 shares in the company, valued at $3,314,496. This trade represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMPL. Intech Investment Management LLC acquired a new stake in shares of Amplitude in the 3rd quarter valued at approximately $128,000. KLP Kapitalforvaltning AS bought a new stake in Amplitude during the fourth quarter worth $171,000. Blue Trust Inc. lifted its stake in Amplitude by 13.5% in the third quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock valued at $174,000 after acquiring an additional 2,324 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its position in shares of 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Amplitude by 19.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock worth $199,000 after purchasing an additional 3,552 shares during the last quarter. Institutional investors own 73.20% of the company’s stock.

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.