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

Amplitude, Inc. (NASDAQ:AMPL) has been given a consensus rating of “Reduce” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $11.00.

A number of research analysts have commented on AMPL shares. Scotiabank boosted their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. UBS Group dropped their price objective on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Piper Sandler upped their target price on shares of Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Robert W. Baird raised 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.

Amplitude Price Performance

NASDAQ AMPL opened at $10.81 on Friday. The company has a market cap of $1.02 billion, a P/E ratio of -16.13 and a beta of 1.31. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42. The company has a 50-day moving average of $9.28 and a 200-day moving average of $8.86.

Insider Transactions at Amplitude

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total transaction of $254,500.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Institutional investors have recently bought and sold shares of the business. Quest Partners LLC bought a new stake in shares of Amplitude during the 2nd quarter worth about $41,000. Russell Investments Group Ltd. bought a new stake in shares of Amplitude during the first quarter worth $45,000. Principal Financial Group Inc. bought a new position in shares of Amplitude in the second quarter worth about $92,000. Intech Investment Management LLC bought a new position in Amplitude in the 3rd quarter worth approximately $128,000. Finally, XTX Topco Ltd bought a new position in Amplitude in the second quarter valued at about $133,000. 73.20% of the stock is currently owned by institutional investors and hedge funds.

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.