Amplitude, Inc. (NASDAQ:AMPL – Get Free Report) has received a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $14.00.
A number of brokerages have recently issued reports on AMPL. Citigroup upped their target price on shares of Amplitude from $12.00 to $13.00 in a research note on Wednesday, August 9th. Morgan Stanley cut their price objective on Amplitude from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 14th. Finally, Piper Sandler upped their price target on Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th.
Insider Buying and Selling
Hedge Funds Weigh In On Amplitude
Several hedge funds and other institutional investors have recently modified their holdings of AMPL. Dark Forest Capital Management LP acquired a new stake in Amplitude in the 1st quarter valued at approximately $27,000. US Bancorp DE acquired a new position in Amplitude during the 1st quarter valued at about $28,000. Lazard Asset Management LLC acquired a new position in Amplitude during the 4th quarter valued at about $30,000. BluePath Capital Management LLC acquired a new position in shares of Amplitude during the third quarter valued at approximately $33,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Amplitude during the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 45.14% of the company’s stock.
Amplitude Price Performance
AMPL opened at $10.63 on Tuesday. The stock has a market capitalization of $1.27 billion, a PE ratio of -12.81 and a beta of 1.35. The firm’s fifty day moving average price is $10.84 and its 200 day moving average price is $10.92. Amplitude has a 12-month low of $8.50 and a 12-month high of $16.95.
Amplitude, Inc provides a digital analytics platform to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude Analytics provides product, marketing, experience analytics, and AI-Driven alerts; Experimentation, a solution that integrates with analytics to plan, deliver, monitor, and analyze tests and product changes; Audience Management tools leverage the data in analytics to build audience lists through behavioral segmentation or machine learning powered predictions; and Data Streaming tools helps to move event data and user profiles to other tools in customers' stacks in real-time to destinations, such as marketing platforms, ad networks, personalization engines, and others; and Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities.
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