Key Points
- Insider sale: Phyllis Gotlib sold 3,574 shares on Dec. 1 at an average $4.06 for $14,510.44, trimming her stake by 2.81% to 123,577 shares (valued ~ $501,723).
- Company outlook: American Well remains unprofitable (Qtr EPS -$1.74, negative ROE and net margin) with a market cap of ~$67.6M; analysts have an average rating of "Hold" and an average price target of $8.33 amid recent downgrades.
American Well Corporation (NYSE:AMWL - Get Free Report) insider Phyllis Gotlib sold 3,574 shares of the firm's stock in a transaction on Monday, December 1st. The stock was sold at an average price of $4.06, for a total value of $14,510.44. Following the sale, the insider directly owned 123,577 shares in the company, valued at $501,722.62. The trade was a 2.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Phyllis Gotlib also recently made the following trade(s):
- On Wednesday, October 1st, Phyllis Gotlib sold 4,959 shares of American Well stock. The shares were sold at an average price of $6.11, for a total value of $30,299.49.
American Well Price Performance
Shares of American Well stock traded up $0.05 during trading hours on Thursday, hitting $4.13. The company's stock had a trading volume of 4,674 shares, compared to its average volume of 69,390. The company has a market capitalization of $67.61 million, a PE ratio of -0.56 and a beta of 1.28. The stock has a 50 day moving average of $5.04 and a 200 day moving average of $6.55. American Well Corporation has a 12 month low of $3.71 and a 12 month high of $12.95.
American Well (NYSE:AMWL - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($1.74) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.83) by $0.09. The business had revenue of $56.29 million during the quarter, compared to analyst estimates of $54.56 million. American Well had a negative return on equity of 39.80% and a negative net margin of 42.80%. Equities analysts expect that American Well Corporation will post -9.34 EPS for the current year.
Hedge Funds Weigh In On American Well
Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of American Well by 280.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 64,760 shares of the company's stock worth $510,000 after buying an additional 47,745 shares during the period. Corton Capital Inc. grew its position in shares of American Well by 71.7% in the second quarter. Corton Capital Inc. now owns 27,402 shares of the company's stock valued at $244,000 after purchasing an additional 11,445 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in American Well by 207.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 32,331 shares of the company's stock valued at $255,000 after purchasing an additional 21,831 shares during the period. Acadian Asset Management LLC grew its holdings in American Well by 19.5% in the 1st quarter. Acadian Asset Management LLC now owns 188,217 shares of the company's stock valued at $1,481,000 after buying an additional 30,669 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in American Well during the 2nd quarter worth $101,000. 56.05% of the stock is owned by institutional investors.
Analysts Set New Price Targets
AMWL has been the subject of several research reports. Weiss Ratings reissued a "sell (e+)" rating on shares of American Well in a research report on Wednesday, October 8th. Wall Street Zen cut American Well from a "hold" rating to a "sell" rating in a report on Saturday, November 8th. Wells Fargo & Company cut their price target on American Well from $12.00 to $9.00 and set an "overweight" rating on the stock in a report on Wednesday, November 5th. Finally, Stifel Nicolaus decreased their price objective on American Well from $8.00 to $6.00 and set a "hold" rating for the company in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, American Well currently has an average rating of "Hold" and an average price target of $8.33.
Check Out Our Latest Report on AMWL
American Well Company Profile
(
Get Free Report)
American Well Corporation, an enterprise platform and software company, delivers digitally enabling hybrid care in the United States and internationally. The company offers Converge, a cloud-based platform that enables health providers, payers, and innovators to provide in-person, virtual and automated care; and delivers virtual primary care, post-discharge follow-up, chronic condition management, virtual nursing, e-sitting, on-demand and scheduled virtual visits, specialty consults, automated care, and behavioral health, as well as specialty care programs, including dermatology, musculoskeletal care, second opinion, and cardiometabolic care to patients and members.
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