Shares of American Well Co. (NYSE:AMWL – Get Rating) have received a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $5.03.
A number of research analysts have commented on AMWL shares. Truist Financial started coverage on shares of American Well in a research note on Wednesday, September 7th. They set a “hold” rating and a $5.00 price target for the company. Piper Sandler lowered their price objective on shares of American Well from $6.00 to $5.00 in a research report on Wednesday, September 7th. Finally, Bank of America upgraded shares of American Well from a “neutral” rating to a “buy” rating and set a $4.20 target price for the company in a report on Wednesday.
Insider Buying and Selling
In related news, VP Bradford Gay sold 12,164 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $3.81, for a total transaction of $46,344.84. Following the completion of the transaction, the vice president now directly owns 766,102 shares in the company, valued at approximately $2,918,848.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Ido Schoenberg sold 132,006 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $3.24, for a total value of $427,699.44. Following the transaction, the chief executive officer now owns 1,474,027 shares in the company, valued at approximately $4,775,847.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Bradford Gay sold 12,164 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $3.81, for a total value of $46,344.84. Following the completion of the transaction, the vice president now owns 766,102 shares in the company, valued at approximately $2,918,848.62. The disclosure for this sale can be found here. Insiders sold a total of 305,744 shares of company stock worth $1,073,977 in the last three months. 13.91% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On American Well
Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd raised its position in American Well by 175.1% in the 1st quarter. Point72 Hong Kong Ltd now owns 8,087 shares of the company’s stock worth $34,000 after purchasing an additional 5,147 shares during the period. US Bancorp DE lifted its position in American Well by 605.2% during the 2nd quarter. US Bancorp DE now owns 9,556 shares of the company’s stock valued at $42,000 after acquiring an additional 8,201 shares during the period. Mackenzie Financial Corp bought a new position in shares of American Well during the first quarter valued at $43,000. Blooom Inc. purchased a new stake in shares of American Well during the second quarter valued at approximately $46,000. Finally, Corient Capital Partners LLC purchased a new position in shares of American Well in the second quarter worth $46,000. 46.30% of the stock is owned by hedge funds and other institutional investors.
American Well Stock Down 0.4 %
Shares of NYSE AMWL opened at $2.82 on Wednesday. The firm’s 50-day moving average price is $3.52 and its two-hundred day moving average price is $4.02. The stock has a market capitalization of $776.66 million, a P/E ratio of -3.00 and a beta of 0.43. American Well has a 52-week low of $2.52 and a 52-week high of $6.22.
American Well (NYSE:AMWL – Get Rating) last announced its earnings results on Monday, November 7th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.01. The company had revenue of $69.21 million for the quarter, compared to analyst estimates of $69.65 million. American Well had a negative return on equity of 21.72% and a negative net margin of 95.00%. As a group, equities research analysts expect that American Well will post -1 earnings per share for the current year.
About American Well
American Well Corporation operates digital care delivery enablement platform in the United States and internationally. Its platform connects and enables providers, insurers, patients, and innovators to deliver access to care. The company products offer urgent care; scheduled visits; acute behavioral health; telestroke; pediatrics; retail health, school health, and home settings.
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