Amplitude, Inc. (NASDAQ:AMPL) Receives $12.14 Consensus Target Price from Analysts

Shares of Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) have received a consensus rating of "Hold" from the seven analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $12.14.

A number of research analysts have commented on AMPL shares. Robert W. Baird upped their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Scotiabank upped their price objective 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. KeyCorp upgraded shares of Amplitude from a "sector weight" rating to an "overweight" rating and set a $15.00 target price for the company in a report on Friday, December 13th. Finally, Piper Sandler upgraded Amplitude from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $11.00 to $15.00 in a research note on Monday, January 6th.

Insider Transactions at Amplitude

In related news, Director Eric Vishria sold 25,000 shares of Amplitude stock in a transaction that occurred 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 completion of the transaction, the director now owns 286,208 shares in the company, valued at $2,913,597.44. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.80% of the company's stock.

Institutional Investors Weigh In On Amplitude

Institutional investors have recently modified their holdings of the company. Quest Partners LLC purchased a new position in shares of Amplitude in the 2nd quarter valued at about $41,000. Principal Financial Group Inc. purchased a new position in Amplitude in the second quarter valued at approximately $92,000. Intech Investment Management LLC purchased a new stake in shares of Amplitude during the 3rd quarter worth approximately $128,000. XTX Topco Ltd purchased a new stake in shares of Amplitude during the 2nd quarter worth approximately $133,000. Finally, MQS Management LLC grew its position in shares of Amplitude by 69.4% in the 2nd quarter. MQS Management LLC now owns 18,617 shares of the company's stock valued at $166,000 after buying an additional 7,625 shares during the last quarter. 73.20% of the stock is owned by hedge funds and other institutional investors.

Amplitude Trading Down 4.3 %

Amplitude stock traded down $0.46 during mid-day trading on Friday, hitting $10.21. The company's stock had a trading volume of 323,786 shares, compared to its average volume of 323,648. The stock's fifty day moving average is $10.69 and its two-hundred day moving average is $9.35. The firm has a market capitalization of $965.77 million, a PE ratio of -15.24 and a beta of 1.34. Amplitude has a 1 year low of $7.37 and a 1 year high of $14.42.

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.