Amplitude, Inc. (NASDAQ:AMPL) Receives $11.57 Consensus PT from Analysts

Shares of Amplitude, Inc. (NASDAQ:AMPL) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $11.57.

AMPL has been the topic of several research reports. Robert W. Baird upped their price target on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, November 8th. KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a research report on Friday, December 13th. Scotiabank increased their price target on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Finally, Piper Sandler boosted their price objective on Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, November 8th.

Amplitude Price Performance

NASDAQ AMPL opened at $11.01 on Wednesday. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42. The company has a market capitalization of $1.04 billion, a P/E ratio of -16.43 and a beta of 1.38. The company’s 50 day simple moving average is $10.17 and its 200 day simple moving average is $9.10.

Insider Activity at Amplitude

In related news, Director Eric Vishria sold 6,437 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.02, for a total transaction of $77,372.74. Following the completion of the sale, the director now directly owns 279,771 shares in the company, valued at approximately $3,362,847.42. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMPL. Blue Trust Inc. grew its holdings in shares of Amplitude by 13.5% during the 3rd quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock valued at $174,000 after acquiring an additional 2,324 shares in the last quarter. Arizona State Retirement System boosted its position in Amplitude by 14.4% during the second quarter. Arizona State Retirement System now owns 21,037 shares of the company’s stock valued at $187,000 after purchasing an additional 2,642 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Amplitude by 19.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock valued at $199,000 after purchasing an additional 3,552 shares in the last quarter. Quantbot Technologies LP increased its position in Amplitude by 21.5% in the 3rd quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock worth $219,000 after purchasing an additional 4,309 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Amplitude during the 2nd quarter worth about $41,000. Institutional investors and hedge funds 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.