Amplitude, Inc. (NASDAQ:AMPL – Get Free Report) has earned an average recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $14.00.
Several research firms have issued reports on AMPL. Morgan Stanley cut their price objective on Amplitude from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 14th. Citigroup increased their price target on shares of Amplitude from $12.00 to $13.00 in a report on Wednesday, August 9th. Finally, Piper Sandler boosted their price objective on shares of Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, November 9th.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Credit Suisse AG boosted its stake in shares of Amplitude by 2.2% during the 1st quarter. Credit Suisse AG now owns 43,755 shares of the company’s stock worth $544,000 after purchasing an additional 951 shares during the last quarter. Arizona State Retirement System boosted its position in Amplitude by 6.5% during the first quarter. Arizona State Retirement System now owns 15,924 shares of the company’s stock worth $198,000 after acquiring an additional 973 shares during the last quarter. Legal & General Group Plc boosted its position in Amplitude by 5.9% during the fourth quarter. Legal & General Group Plc now owns 20,100 shares of the company’s stock worth $243,000 after acquiring an additional 1,112 shares during the last quarter. Alliancebernstein L.P. boosted its position in Amplitude by 2.1% during the fourth quarter. Alliancebernstein L.P. now owns 59,660 shares of the company’s stock worth $721,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Amplitude by 33.4% during the second quarter. Ameritas Investment Partners Inc. now owns 5,593 shares of the company’s stock worth $62,000 after purchasing an additional 1,399 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.
Amplitude Trading Up 1.6 %
Shares of AMPL stock opened at $10.63 on Tuesday. The stock has a 50 day simple moving average of $10.84 and a 200-day simple moving average of $10.92. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -12.81 and a beta of 1.35. Amplitude has a 12-month low of $8.50 and a 12-month high of $16.95.
Amplitude Company Profile
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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