Amplitude (NASDAQ:AMPL) Upgraded by DA Davidson to Hold Rating

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

AMPL has been the subject of several other research reports. Scotiabank boosted their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Robert W. Baird upped 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. 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 report on Friday, December 13th. Morgan Stanley upgraded shares of Amplitude from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $10.00 to $11.00 in a research report on Monday, January 13th. Finally, Piper Sandler upgraded shares of Amplitude from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $11.00 to $15.00 in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.43.

Amplitude Trading Down 0.7 %

Shares of 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 company has a 50-day moving average of $11.30 and a two-hundred day moving average of $9.85. The company has a market cap of $1.18 billion, a PE ratio of -18.58 and a beta of 1.37.

Insiders Place Their Bets

In other Amplitude news, Director Eric Vishria sold 3,563 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several large investors have recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new position in Amplitude in the 3rd quarter worth $128,000. KLP Kapitalforvaltning AS acquired a new position in shares of Amplitude during the fourth quarter worth about $171,000. ANTIPODES PARTNERS Ltd grew its holdings in shares of Amplitude by 90.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 18,081 shares of the company’s stock worth $191,000 after buying an additional 8,599 shares in the last quarter. Blue Trust Inc. raised its position in Amplitude by 13.5% in the 3rd quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock valued at $174,000 after buying an additional 2,324 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Amplitude by 19.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock valued at $199,000 after acquiring an additional 3,552 shares in the last quarter. Institutional investors own 73.20% of the company’s stock.

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.