Amplitude, Inc. (NASDAQ:AMPL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Amplitude, Inc. (NASDAQ:AMPL) have earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $14.40.

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Amplitude in a research report on Monday, December 29th. UBS Group upgraded Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, October 31st. Morgan Stanley set a $16.00 price objective on Amplitude and gave the company an “overweight” rating in a research note on Thursday, January 15th. BTIG Research assumed coverage on Amplitude in a research report on Tuesday, December 16th. They set a “buy” rating and a $14.00 target price on the stock. Finally, Robert W. Baird increased their target price on Amplitude from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, December 19th.

Insiders Place Their Bets

In other Amplitude news, CEO Spenser Skates sold 42,743 shares of the firm’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $12.01, for a total value of $513,343.43. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $10.88, for a total transaction of $108,800.00. Following the sale, the director directly owned 114,906 shares of the company’s stock, valued at approximately $1,250,177.28. The trade was a 8.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 52,843 shares of company stock worth $623,343 over the last ninety days. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMPL. Quarry LP purchased a new position in shares of Amplitude during the third quarter valued at approximately $32,000. State of Alaska Department of Revenue bought a new position in Amplitude during the 3rd quarter valued at $48,000. Osaic Holdings Inc. boosted its holdings in Amplitude by 57.8% during the 2nd quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock worth $64,000 after acquiring an additional 1,879 shares during the last quarter. Legato Capital Management LLC bought a new stake in shares of Amplitude in the 3rd quarter worth $112,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Amplitude in the third quarter valued at about $113,000. Institutional investors own 73.20% of the company’s stock.

Amplitude Stock Up 2.1%

Shares of NASDAQ AMPL opened at $6.34 on Monday. The firm has a market cap of $847.59 million, a PE ratio of -7.92 and a beta of 1.49. The company’s fifty day simple moving average is $10.21 and its 200 day simple moving average is $10.58. Amplitude has a 12-month low of $5.99 and a 12-month high of $14.88.

Amplitude Company Profile

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.