Key Points
- Insider Dmitry Zamansky sold 8,442 American Well shares at an average price of $13, generating $109,746 and reducing his stake by 3.63% to 224,178 shares.
- American Well reported quarterly revenue of $52.05 million and an adjusted loss of $0.59 per share, exceeding analyst expectations, though it continues to post negative margins and return on equity.
- Analysts have a consensus “Hold” rating with a $9.50 target price, while institutional investors own 56.05% of the company; Senvest Management recently increased its stake by 213.3%.
American Well Corporation (NYSE:AMWL - Get Free Report) insider Phyllis Gotlib sold 6,677 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $13.00, for a total value of $86,801.00. Following the sale, the insider owned 142,504 shares of the company's stock, valued at approximately $1,852,552. This represents a 4.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Phyllis Gotlib also recently made the following trade(s):
- On Tuesday, September 1st, Phyllis Gotlib sold 3,573 shares of American Well stock. The stock was sold at an average price of $11.80, for a total value of $42,161.40.
American Well Stock Up 2.7%
AMWL stock opened at $12.73 on Tuesday. The firm has a 50 day moving average of $12.57 and a 200 day moving average of $9.55. The stock has a market capitalization of $210.62 million, a PE ratio of -2.67 and a beta of 1.67. American Well Corporation has a 52 week low of $3.71 and a 52 week high of $14.19.
American Well (NYSE:AMWL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.86) by $0.27. American Well had a negative net margin of 35.75% and a negative return on equity of 30.12%. The business had revenue of $52.05 million during the quarter, compared to the consensus estimate of $49.87 million. On average, equities research analysts expect that American Well Corporation will post -2.56 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of American Well in a report on Wednesday, August 5th. Truist Financial set a $12.00 price objective on shares of American Well and gave the company a "hold" rating in a report on Thursday, August 13th. Wells Fargo & Company raised their target price on American Well from $9.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, July 17th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of American Well in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $9.50.
View Our Latest Report on AMWL
Institutional Trading of American Well
An institutional investor recently bought a new position in American Well stock. Whetstone Capital Advisors LLC bought a new position in shares of American Well Corporation (NYSE:AMWL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 25,000 shares of the company's stock, valued at approximately $123,000. Whetstone Capital Advisors LLC owned approximately 0.15% of American Well at the end of the most recent quarter. 56.05% of the stock is owned by hedge funds and other institutional investors.
About American Well
(
Get Free Report)
American Well Corporation, doing business as Amwell, is a digital health company that provides technology and services for virtual care. Its platform connects patients with healthcare professionals through video and other digital channels, supporting services such as urgent care, behavioral health, primary care, specialty care and chronic-condition management.
Amwell also provides software and infrastructure that enable health systems, health plans, employers and government organizations to offer and manage digital healthcare programs.
Further Reading
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