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

Amplitude (NASDAQ:AMPL) was upgraded by equities research analysts at DA Davidson to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

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

Amplitude Price Performance

AMPL stock opened at $12.45 on Monday. Amplitude has a one year low of $7.37 and a one year high of $14.42. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -18.58 and a beta of 1.37. The company has a fifty day moving average price of $11.30 and a two-hundred day moving average price of $9.85.

Insiders Place Their Bets

In other Amplitude news, Director Eric Vishria sold 3,563 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total transaction of $42,756.00. Following the sale, the director now directly owns 276,208 shares in the company, valued at $3,314,496. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.80% of the company’s stock.

Institutional Trading of Amplitude

Large investors have recently made changes to their positions in the company. Barclays PLC raised its stake in Amplitude by 371.7% during the third quarter. Barclays PLC now owns 128,537 shares of the company’s stock worth $1,153,000 after acquiring an additional 101,289 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Amplitude by 86.8% during the 3rd quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock valued at $1,405,000 after purchasing an additional 72,806 shares during the last quarter. JPMorgan Chase & Co. increased its position in Amplitude by 38.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company’s stock worth $754,000 after purchasing an additional 23,526 shares in the last quarter. Walleye Capital LLC bought a new position in Amplitude in the 3rd quarter valued at approximately $726,000. Finally, Kera Capital Partners Inc. bought a new position in Amplitude in the 4th quarter valued at approximately $1,498,000. 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.