Amplitude, Inc. (NASDAQ:AMPL) Receives $11.57 Average Price Target from Analysts

Amplitude, Inc. (NASDAQ:AMPL) has been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One research 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. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $11.57.

AMPL has been the subject of several analyst reports. KeyCorp raised shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target for the company in a report on Friday, December 13th. 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 report on Friday, November 8th. Robert W. Baird upped their target price 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. Finally, Piper Sandler lifted their price target on Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, November 8th.

Amplitude Price Performance

NASDAQ:AMPL opened at $11.02 on Wednesday. The firm has a market capitalization of $1.04 billion, a P/E ratio of -16.45 and a beta of 1.38. The business has a 50 day simple moving average of $10.25 and a 200 day simple moving average of $9.14. Amplitude has a 12-month low of $7.37 and a 12-month high of $14.42.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Eric Vishria sold 6,437 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $12.02, for a total value of $77,372.74. Following the completion of the sale, the director now directly owns 279,771 shares in the company, valued at $3,362,847.42. This represents a 2.25 % 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 corporate insiders.

Hedge Funds Weigh In On Amplitude

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in shares of Amplitude by 19.5% in the second quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock valued at $3,677,000 after buying an additional 67,500 shares during the period. M&T Bank Corp raised its position in Amplitude by 86.8% in the third quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock worth $1,405,000 after acquiring an additional 72,806 shares in the last quarter. Walleye Capital LLC acquired a new stake in Amplitude in the 3rd quarter valued at about $726,000. Horrell Capital Management Inc. bought a new position in shares of Amplitude during the 3rd quarter valued at about $1,597,000. Finally, Algert Global LLC acquired a new position in shares of Amplitude in the 3rd quarter worth approximately $708,000. 73.20% of the stock is currently 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.