Amplitude, Inc. (NASDAQ:AMPL) Receives $11.00 Average Price Target from Analysts

Shares of Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) have received a consensus rating of "Reduce" from the seven analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $11.00.

AMPL has been the topic of a number of analyst reports. UBS Group cut their price target on Amplitude from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. 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 report on Friday, November 8th. Piper Sandler raised their price target on shares of Amplitude from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, Robert W. Baird boosted their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th.

Amplitude Stock Up 2.4 %

Amplitude stock traded up $0.25 during midday trading on Friday, hitting $10.74. 358,241 shares of the company's stock were exchanged, compared to its average volume of 485,303. The firm has a 50-day moving average of $9.24 and a two-hundred day moving average of $8.86. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42.

Insider Buying and Selling

In other news, Director Eric Vishria sold 25,000 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total value of $254,500.00. Following the sale, the director now directly owns 286,208 shares of the company's stock, valued at $2,913,597.44. This represents a 8.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amplitude

Several hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new stake in Amplitude during the first quarter worth $45,000. Quest Partners LLC purchased a new stake in shares of Amplitude during the 2nd quarter worth about $41,000. Principal Financial Group Inc. purchased a new position in shares of Amplitude in the 2nd quarter valued at about $92,000. ProShare Advisors LLC raised its holdings in Amplitude by 10.2% in the 1st quarter. ProShare Advisors LLC now owns 12,356 shares of the company's stock worth $134,000 after purchasing an additional 1,145 shares during the period. Finally, Intech Investment Management LLC purchased a new position in Amplitude during the third quarter worth approximately $128,000. 73.20% of the stock is owned by hedge funds and other institutional investors.

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.