Brokerages Set Amplitude, Inc. (NASDAQ:AMPL) Price Target at $11.57

Shares of Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) have earned an average recommendation of "Hold" from the seven brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $11.57.

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

Insider Buying and Selling

In related news, Director Eric Vishria sold 6,437 shares of the business'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 transaction of $77,372.74. Following the transaction, the director now directly owns 279,771 shares of the company's stock, valued at approximately $3,362,847.42. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.80% of the stock is owned by corporate insiders.

Institutional Trading of Amplitude

A number of hedge funds have recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in Amplitude during the 2nd quarter valued at $41,000. Principal Financial Group Inc. acquired a new stake in shares of Amplitude during the second quarter valued at about $92,000. Intech Investment Management LLC purchased a new stake in shares of Amplitude during the third quarter worth about $128,000. XTX Topco Ltd acquired a new position in shares of Amplitude in the second quarter worth about $133,000. Finally, MQS Management LLC boosted its holdings in Amplitude by 69.4% in the second quarter. MQS Management LLC now owns 18,617 shares of the company's stock valued at $166,000 after purchasing an additional 7,625 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company's stock.

Amplitude Price Performance

NASDAQ:AMPL traded down $0.56 during mid-day trading on Wednesday, reaching $11.12. The company's stock had a trading volume of 454,849 shares, compared to its average volume of 507,669. The stock has a market cap of $1.05 billion, a P/E ratio of -16.60 and a beta of 1.38. The company's fifty day simple moving average is $10.02 and its two-hundred day simple moving average is $9.05. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.42.

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.