Key Points
- Insider sale: Phyllis Gotlib sold 3,573 American Well shares at an average price of $11.80, totaling $42,161.40. Her remaining stake fell 2.34% to 149,181 shares.
- Company performance: American Well reported quarterly revenue of $52.05 million and an adjusted loss of $0.59 per share, exceeding analysts’ estimates, though profitability remained negative.
- Analyst outlook: The stock carries a consensus “Hold” rating, with one Buy, five Hold, and one Sell rating and an average price target of $9.50. AMWL recently opened at $13.28, above that consensus target.
American Well Corporation (NYSE:AMWL - Get Free Report) insider Phyllis Gotlib sold 3,573 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $11.80, for a total value of $42,161.40. Following the completion of the sale, the insider owned 149,181 shares in the company, valued at approximately $1,760,335.80. This represents a 2.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Phyllis Gotlib also recently made the following trade(s):
- On Wednesday, July 1st, Phyllis Gotlib sold 6,677 shares of American Well stock. The shares were sold at an average price of $9.33, for a total value of $62,296.41.
American Well Stock Performance
Shares of AMWL stock opened at $13.28 on Friday. The stock has a fifty day moving average price of $11.33 and a 200 day moving average price of $8.37. The stock has a market cap of $219.78 million, a PE ratio of -2.78 and a beta of 1.71. American Well Corporation has a 1 year low of $3.71 and a 1 year high of $14.19.
American Well (NYSE:AMWL - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported ($0.59) earnings per share for the quarter, beating the consensus estimate of ($0.86) by $0.27. American Well had a negative return on equity of 30.12% and a negative net margin of 35.75%.The company had revenue of $52.05 million for the quarter, compared to analyst estimates of $49.87 million. As a group, equities research analysts predict that American Well Corporation will post -2.56 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of American Well in a research note on Wednesday, August 5th. Wells Fargo & Company upped their price target on shares of American Well from $9.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, July 17th. Weiss Ratings reiterated a "sell (d-)" rating on shares of American Well in a research report on Friday, July 17th. Finally, Truist Financial set a $12.00 price objective on shares of American Well and gave the stock a "hold" rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $9.50.
Read Our Latest Report on American Well
Hedge Funds Weigh In On American Well
Hedge funds have recently made changes to their positions in the business. Senvest Management LLC lifted its stake in shares of American Well by 213.3% during the first quarter. Senvest Management LLC now owns 1,136,558 shares of the company's stock worth $5,978,000 after purchasing an additional 773,834 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of American Well by 2.5% in the third quarter. Vanguard Group Inc. now owns 650,102 shares of the company's stock valued at $3,998,000 after buying an additional 15,797 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of American Well by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 152,742 shares of the company's stock valued at $750,000 after buying an additional 3,450 shares during the period. Squarepoint Ops LLC raised its holdings in shares of American Well by 74.5% during the 4th quarter. Squarepoint Ops LLC now owns 115,061 shares of the company's stock valued at $565,000 after buying an additional 49,135 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in American Well by 36.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 97,382 shares of the company's stock worth $599,000 after acquiring an additional 25,798 shares in the last quarter. Hedge funds and other institutional investors own 56.05% of the company's stock.
About American Well
(
Get Free Report)
American Well, operating under the trade name Amwell, is a Boston-based digital health company that develops and delivers telehealth solutions to healthcare providers, payers, employers and patients. Through its cloud-based platform, the company enables secure virtual visits, remote patient monitoring and integrated care coordination across a range of medical disciplines, including primary care, behavioral health, chronic disease management and urgent care.
The company's core offering, the Amwell Telehealth Platform, facilitates live video consultations, asynchronous messaging, e-prescribing and electronic health record integration.
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