Brokerages Set Amplitude, Inc. (NASDAQ:AMPL) Price Target at $11.00

Amplitude, Inc. (NASDAQ:AMPL) has received an average rating of “Reduce” from the seven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.00.

A number of equities research analysts have recently issued reports on AMPL shares. UBS Group dropped their target price on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Robert W. Baird lifted their target price on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Scotiabank increased their price target on 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 lifted their price objective on shares of Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th.

Insider Transactions at Amplitude

In other news, Director Eric Vishria sold 25,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 286,208 shares of the company’s stock, valued at approximately $2,913,597.44. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.80% of the stock is currently owned by insiders.

Institutional Trading of Amplitude

Several large investors have recently bought and sold shares of AMPL. Quest Partners LLC bought a new position in shares of Amplitude in the 2nd quarter valued at $41,000. Russell Investments Group Ltd. bought a new position in Amplitude in the first quarter valued at about $45,000. Principal Financial Group Inc. acquired a new stake in shares of Amplitude during the second quarter valued at about $92,000. Intech Investment Management LLC bought a new stake in shares of Amplitude during the third quarter worth about $128,000. Finally, XTX Topco Ltd acquired a new position in shares of Amplitude in the second quarter valued at approximately $133,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Amplitude Stock Performance

Shares of Amplitude stock opened at $10.81 on Friday. The business’s 50 day simple moving average is $9.28 and its 200 day simple moving average is $8.86. The firm has a market cap of $1.02 billion, a PE ratio of -16.13 and a beta of 1.31. Amplitude has a 52-week low of $7.37 and a 52-week high of $14.42.

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.