Amplitude, Inc. (NASDAQ:AMPL) Receives $11.00 Average PT from Brokerages

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been assigned an average rating of “Reduce” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $11.00.

A number of research analysts recently commented on the company. 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. Scotiabank upped their price target on shares of Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Piper Sandler lifted their price objective on shares of Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, UBS Group cut their target price on Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.

Insiders Place Their Bets

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total transaction of $254,500.00. Following the sale, the director now directly owns 286,208 shares of the company’s stock, valued at $2,913,597.44. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.80% of the company’s stock.

Institutional Trading of Amplitude

A number of institutional investors and hedge funds have recently bought and sold shares of AMPL. Russell Investments Group Ltd. acquired a new stake in shares of Amplitude in the first quarter valued at about $45,000. ProShare Advisors LLC increased its position in Amplitude by 10.2% during the 1st quarter. ProShare Advisors LLC now owns 12,356 shares of the company’s stock valued at $134,000 after purchasing an additional 1,145 shares during the period. Vanguard Group Inc. lifted its position in shares of Amplitude by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 8,107,888 shares of the company’s stock worth $88,214,000 after purchasing an additional 264,477 shares during the period. Bessemer Group Inc. acquired a new position in shares of Amplitude in the 1st quarter worth approximately $177,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Amplitude by 3,607.6% in the 1st quarter. Janus Henderson Group PLC now owns 859,723 shares of the company’s stock valued at $9,353,000 after purchasing an additional 836,535 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Amplitude Price Performance

Shares of NASDAQ AMPL opened at $10.44 on Friday. The stock has a market capitalization of $987.52 million, a PE ratio of -15.48 and a beta of 1.31. 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 moving average price of $9.31 and a two-hundred day moving average price of $8.87.

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.