Brokerages Set Amplitude, Inc. (NASDAQ:AMPL) PT at $12.43

Amplitude, Inc. (NASDAQ:AMPL) has earned an average rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.43.

Several research analysts have recently weighed in on AMPL shares. Piper Sandler upgraded Amplitude from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $11.00 to $15.00 in a report on Monday, January 6th. Morgan Stanley raised Amplitude from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $10.00 to $11.00 in a research note on Monday, January 13th. Scotiabank lifted their price target on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. DA Davidson raised shares of Amplitude to a “hold” rating in a research report on Monday. Finally, Robert W. Baird raised their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th.

Insider Buying and Selling at Amplitude

In related news, Director Eric Vishria sold 6,437 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.02, for a total transaction of $77,372.74. Following the transaction, the director now owns 279,771 shares of the company’s stock, valued at approximately $3,362,847.42. This represents a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. ArrowMark Colorado Holdings LLC raised its stake in Amplitude by 56.6% in the third 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 in the last quarter. Vanguard Group Inc. lifted its position in shares of Amplitude by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock worth $96,951,000 after buying an additional 447,277 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Amplitude by 524.9% in the 3rd quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock valued at $4,132,000 after buying an additional 386,915 shares in the last quarter. Monimus Capital Management LP purchased a new position in shares of Amplitude in the 4th quarter valued at $3,630,000. Finally, JPMorgan Chase & Co. raised its stake in Amplitude by 265.5% during the 4th quarter. JPMorgan Chase & Co. now owns 307,225 shares of the company’s stock worth $3,241,000 after acquiring an additional 223,175 shares in the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.

Amplitude Trading Down 0.8 %

AMPL opened at $12.35 on Thursday. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.40. The firm has a market capitalization of $1.17 billion, a PE ratio of -18.43 and a beta of 1.37. The firm’s 50-day moving average price is $11.32 and its 200 day moving average price is $9.87.

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.