Amplitude (NASDAQ:AMPL) Upgraded by KeyCorp to Overweight Rating

KeyCorp upgraded shares of Amplitude (NASDAQ:AMPL - Free Report) from a sector weight rating to an overweight rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The firm currently has $15.00 target price on the stock.

A number of other equities research analysts also recently weighed in on the stock. Scotiabank lifted their price target on shares of Amplitude from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research note on Friday, November 8th. Piper Sandler increased their price target 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. Finally, Robert W. Baird lifted their price objective on Amplitude from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.57.

Amplitude Stock Up 3.0 %

Shares of NASDAQ AMPL traded up $0.34 during mid-day trading on Friday, hitting $11.73. The company had a trading volume of 446,159 shares, compared to its average volume of 508,087. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42. The business's 50-day simple moving average is $9.84 and its 200-day simple moving average is $9.01.

Insider Transactions at Amplitude

In related news, Director Eric Vishria sold 25,000 shares of the 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 transaction, the director now directly owns 286,208 shares in the company, valued at $2,913,597.44. This represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.80% of the company's stock.

Hedge Funds Weigh In On Amplitude

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in Amplitude by 19.5% during the 2nd quarter. Renaissance Technologies LLC now owns 413,100 shares of the company's stock worth $3,677,000 after buying an additional 67,500 shares during the period. Walleye Capital LLC bought a new position in Amplitude during the 3rd quarter worth about $726,000. Horrell Capital Management Inc. acquired a new stake in shares of Amplitude in the 3rd quarter valued at about $1,597,000. Algert Global LLC bought a new stake in shares of Amplitude in the third quarter valued at about $708,000. Finally, Cerity Partners LLC grew its holdings in shares of Amplitude by 524.9% during the third quarter. Cerity Partners LLC now owns 460,624 shares of the company's stock worth $4,132,000 after buying an additional 386,915 shares in the last quarter. 73.20% of the stock is owned by 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.