Amplitude (NASDAQ:AMPL) Rating Increased to Overweight at KeyCorp

KeyCorp upgraded shares of Amplitude (NASDAQ:AMPL) from a sector weight rating to an overweight rating in a research note published on Friday, MarketBeat Ratings reports. The brokerage currently has $15.00 price objective on the stock.

Several other analysts also recently weighed in on the company. Robert W. Baird increased their target price on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Piper Sandler increased their price objective on Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Scotiabank boosted their target price 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. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.57.

Amplitude Price Performance

Shares of AMPL opened at $11.76 on Friday. Amplitude has a one year low of $7.37 and a one year high of $14.42. The company’s fifty day moving average price is $9.89 and its 200 day moving average price is $9.02. The company has a market capitalization of $1.11 billion, a PE ratio of -17.55 and a beta of 1.38.

Insider Buying and Selling

In related news, Director Eric Vishria sold 25,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total value of $254,500.00. Following the completion of the transaction, the director now owns 286,208 shares of the company’s stock, valued at $2,913,597.44. This represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amplitude

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in shares of Amplitude by 19.5% during the 2nd quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock worth $3,677,000 after buying an additional 67,500 shares during the period. Walleye Capital LLC bought a new position in shares of Amplitude during the third quarter valued at $726,000. Horrell Capital Management Inc. acquired a new stake in shares of Amplitude in the 3rd quarter valued at $1,597,000. Algert Global LLC acquired a new stake in shares of Amplitude in the 3rd quarter valued at $708,000. Finally, Cerity Partners LLC grew 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 worth $4,132,000 after purchasing an additional 386,915 shares during the last quarter. 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.