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

Amplitude, Inc. (NASDAQ:AMPL) has earned an average rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $12.43.

AMPL has been the subject of several recent research reports. Piper Sandler upgraded Amplitude from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $11.00 to $15.00 in a report on Monday, January 6th. Scotiabank lifted their price target on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Robert W. Baird boosted their price target on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. 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 report on Friday, December 13th. Finally, Morgan Stanley raised shares of Amplitude from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $10.00 to $11.00 in a research report on Monday.

Insider Buying and Selling at Amplitude

In related news, Director Eric Vishria sold 6,437 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.02, for a total transaction of $77,372.74. Following the completion of the transaction, the director now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. ArrowMark Colorado Holdings LLC grew 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 worth $13,300,000 after acquiring an additional 535,624 shares during the last quarter. Cerity Partners LLC boosted its holdings in Amplitude by 524.9% in the 3rd quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock valued at $4,132,000 after purchasing an additional 386,915 shares during the period. Horrell Capital Management Inc. acquired a new stake in Amplitude in the 3rd quarter worth $1,597,000. Circumference Group LLC bought a new position in shares of Amplitude during the 3rd quarter worth about $1,597,000. Finally, Kera Capital Partners Inc. acquired a new position in shares of Amplitude during the fourth quarter valued at about $1,498,000. 73.20% of the stock is owned by institutional investors.

Amplitude Stock Down 1.9 %

AMPL stock opened at $10.64 on Friday. The company has a 50 day moving average of $10.75 and a two-hundred day moving average of $9.38. Amplitude has a 12-month low of $7.37 and a 12-month high of $14.42. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -15.88 and a beta of 1.34.

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.