Amplitude (NASDAQ:AMPL) Upgraded to “Hold” at DA Davidson

DA Davidson upgraded shares of Amplitude (NASDAQ:AMPL) to a hold rating in a report released on Monday,Zacks.com reports.

A number of other analysts also recently weighed in on AMPL. KeyCorp raised shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target for the company in a report on Friday, December 13th. Robert W. Baird lifted their target price on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Piper Sandler raised Amplitude from a “neutral” rating to an “overweight” rating and upped their price target for the company from $11.00 to $15.00 in a report on Monday, January 6th. Morgan Stanley raised Amplitude from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $10.00 to $11.00 in a report on Monday, January 13th. Finally, Scotiabank upped their target price on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.43.

Amplitude Price Performance

Shares of AMPL opened at $12.35 on Monday. The company has a market capitalization of $1.17 billion, a PE ratio of -18.43 and a beta of 1.37. Amplitude has a one year low of $7.37 and a one year high of $14.40. The company’s fifty day moving average price is $11.32 and its 200 day moving average price is $9.87.

Insiders Place Their Bets

In related news, Director Eric Vishria sold 6,437 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.02, for a total value of $77,372.74. Following the completion of the transaction, the director now owns 279,771 shares of the company’s stock, valued at approximately $3,362,847.42. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Large investors have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in shares of Amplitude in the 4th quarter valued at about $38,000. Intech Investment Management LLC acquired a new position in Amplitude during the third quarter worth approximately $128,000. KLP Kapitalforvaltning AS acquired a new position in Amplitude during the fourth quarter worth approximately $171,000. Blue Trust Inc. raised its stake in Amplitude by 13.5% in the third quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock valued at $174,000 after buying an additional 2,324 shares during the period. Finally, ANTIPODES PARTNERS Ltd lifted its position in shares of Amplitude by 90.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 18,081 shares of the company’s stock valued at $191,000 after buying an additional 8,599 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

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.