Analysts Set Amplitude, Inc. (NASDAQ:AMPL) PT at $11.00

Amplitude, Inc. (NASDAQ:AMPL) has been given an average rating of “Reduce” by the seven ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $11.00.

Several equities analysts recently weighed in on AMPL shares. Robert W. Baird lifted their target price on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Piper Sandler raised their price objective on Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. UBS Group cut their price objective on Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, 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 research note on Friday, November 8th.

Insider Activity

In related news, Director Eric Vishria sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total transaction of $254,500.00. Following the completion of the transaction, the director now directly owns 286,208 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Amplitude

A number of large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings in shares of Amplitude by 19.5% in the second 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 in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Amplitude by 918.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 194,010 shares of the company’s stock worth $2,111,000 after buying an additional 174,967 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Amplitude by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 8,107,888 shares of the company’s stock worth $88,214,000 after buying an additional 264,477 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of Amplitude during the 1st quarter valued at about $177,000. Finally, Horrell Capital Management Inc. purchased a new stake in shares of Amplitude during the 3rd quarter valued at about $1,597,000. Institutional investors own 73.20% of the company’s stock.

Amplitude Trading Down 1.0 %

Shares of AMPL stock opened at $10.34 on Friday. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42. The company has a 50 day simple moving average of $9.37 and a two-hundred day simple moving average of $8.89. The stock has a market cap of $978.06 million, a P/E ratio of -15.43 and a beta of 1.31.

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.