DA Davidson Upgrades Amplitude (NASDAQ:AMPL) to “Hold”

Amplitude (NASDAQ:AMPL) was upgraded by stock analysts at DA Davidson to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on AMPL. Morgan Stanley raised Amplitude from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $10.00 to $11.00 in a research note on Monday, January 13th. KeyCorp upgraded shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price for the company in a research note on Friday, December 13th. Robert W. Baird increased 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. Scotiabank lifted their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Finally, Piper Sandler upgraded shares of Amplitude from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $11.00 to $15.00 in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Amplitude presently has an average rating of “Hold” and an average target price of $12.43.

Amplitude Trading Down 0.7 %

NASDAQ AMPL opened at $12.45 on Monday. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.42. The firm’s fifty day simple moving average is $11.30 and its 200-day simple moving average is $9.85. The company has a market capitalization of $1.18 billion, a PE ratio of -18.58 and a beta of 1.37.

Insider Activity

In other news, Director Eric Vishria sold 3,563 shares of Amplitude stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total transaction of $42,756.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of Amplitude by 265.5% in the 4th quarter. JPMorgan Chase & Co. now owns 307,225 shares of the company’s stock worth $3,241,000 after buying an additional 223,175 shares in the last quarter. Vanguard Group Inc. raised its stake in Amplitude by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock worth $96,951,000 after acquiring an additional 447,277 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Amplitude during the fourth quarter worth $171,000. Intech Investment Management LLC boosted its stake in shares of Amplitude by 96.4% in the 4th quarter. Intech Investment Management LLC now owns 28,015 shares of the company’s stock valued at $296,000 after purchasing an additional 13,754 shares in the last quarter. Finally, Monimus Capital Management LP bought a new stake in shares of Amplitude in the 4th quarter worth about $3,630,000. 73.20% of the stock is owned by institutional investors and hedge funds.

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.