Brokerages Set Amplitude, Inc. (NASDAQ:AMPL) Target Price at $12.14

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.43.

AMPL has been the topic of a number of recent research reports. Piper Sandler upgraded Amplitude from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $11.00 to $15.00 in a research report on Monday, January 6th. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target for the company in a research report on Friday, December 13th. Morgan Stanley raised shares of Amplitude from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $10.00 to $11.00 in a research note on Monday, January 13th. Scotiabank raised their target price on shares of Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Finally, Robert W. Baird upped their price target on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, November 8th.

Amplitude Price Performance

NASDAQ AMPL opened at $10.90 on Friday. The stock has a market capitalization of $1.03 billion, a PE ratio of -16.27 and a beta of 1.34. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.42. The business has a 50 day simple moving average of $10.77 and a two-hundred day simple moving average of $9.42.

Insider Activity at Amplitude

In other Amplitude news, Director Eric Vishria sold 6,437 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were 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 trade represents a 2.25 % decrease in their position. 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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in shares of Amplitude by 19.5% during the 2nd quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock valued at $3,677,000 after purchasing an additional 67,500 shares during the last quarter. Barclays PLC grew its stake in shares of Amplitude by 371.7% during the third quarter. Barclays PLC now owns 128,537 shares of the company’s stock worth $1,153,000 after acquiring an additional 101,289 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Amplitude by 86.8% during the third quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock valued at $1,405,000 after acquiring an additional 72,806 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Amplitude in the 3rd quarter valued at approximately $726,000. Finally, Geode Capital Management LLC boosted its stake in Amplitude by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock worth $17,078,000 after purchasing an additional 126,056 shares in the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

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.