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

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

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

Insider Activity

In related news, Director Eric Vishria sold 3,563 shares of the business’s 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 completion of the sale, the director now directly owns 276,208 shares in the company, valued at approximately $3,314,496. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Amplitude

A number of hedge funds have recently made changes to their positions in AMPL. ArrowMark Colorado Holdings LLC raised its position in shares of Amplitude by 56.6% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock worth $13,300,000 after buying an additional 535,624 shares during the period. Cerity Partners LLC raised its holdings 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 purchasing an additional 386,915 shares during the period. Monimus Capital Management LP acquired a new position in shares of Amplitude in the 4th quarter valued at about $3,630,000. Circumference Group LLC purchased a new stake in shares of Amplitude during the 3rd quarter worth about $1,597,000. Finally, Horrell Capital Management Inc. acquired a new stake in Amplitude during the 3rd quarter worth approximately $1,597,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Stock Up 2.6 %

Shares of AMPL stock opened at $12.54 on Thursday. The stock has a market cap of $1.19 billion, a P/E ratio of -18.72 and a beta of 1.37. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.42. The business has a fifty day simple moving average of $11.26 and a 200-day simple moving average of $9.82.

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.