Brokerages Set Amplitude, Inc. (NASDAQ:AMPL) Price Target at $11.57

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

Several research analysts have commented on AMPL shares. KeyCorp raised 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. 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 price target on Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Robert W. Baird increased their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Amplitude Trading Up 0.5 %

Shares of AMPL stock opened at $11.01 on Wednesday. The company’s fifty day simple moving average is $10.17 and its 200-day simple moving average is $9.10. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.42. The company has a market cap of $1.04 billion, a PE ratio of -16.43 and a beta of 1.38.

Insider Activity at Amplitude

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 286,208 shares of the company’s stock, valued at $2,913,597.44. This trade represents a 8.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amplitude

Institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its holdings in Amplitude by 371.7% in the third quarter. Barclays PLC now owns 128,537 shares of the company’s stock worth $1,153,000 after purchasing an additional 101,289 shares during the period. Geode Capital Management LLC lifted its position in shares of Amplitude by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock worth $17,078,000 after buying an additional 126,056 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Amplitude by 86.8% in the 3rd quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock valued at $1,405,000 after buying an additional 72,806 shares during the period. Circumference Group LLC bought a new stake in shares of Amplitude during the 3rd quarter valued at about $1,597,000. Finally, ArrowMark Colorado Holdings LLC grew its position in shares of Amplitude by 56.6% during the 3rd 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 last quarter. 73.20% of the stock is currently owned by institutional investors.

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.