Brokerages Set Amplitude, Inc. (NASDAQ:AMPL) PT at $12.14

Amplitude, Inc. (NASDAQ:AMPL) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $12.43.

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

Amplitude Stock Up 2.4 %

NASDAQ:AMPL opened at $10.90 on Friday. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.42. The stock’s 50-day moving average price is $10.77 and its 200-day moving average price is $9.42. The stock has a market capitalization of $1.03 billion, a PE ratio of -16.27 and a beta of 1.34.

Insider Activity

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

Hedge Funds Weigh In On Amplitude

Institutional investors have recently bought and sold shares of the company. Quest Partners LLC acquired a new position in Amplitude during the second quarter worth about $41,000. Principal Financial Group Inc. acquired a new stake in shares of Amplitude in the 2nd quarter worth approximately $92,000. Intech Investment Management LLC purchased a new position in Amplitude in the 3rd quarter valued at approximately $128,000. XTX Topco Ltd purchased a new position in Amplitude in the 2nd quarter valued at approximately $133,000. Finally, MQS Management LLC raised its holdings in Amplitude by 69.4% during the second quarter. MQS Management LLC now owns 18,617 shares of the company’s stock worth $166,000 after purchasing an additional 7,625 shares during the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.

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.