American Well Co. (NYSE:AMWL – Get Rating) CEO Ido Schoenberg sold 259,000 shares of the business's stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $4.36, for a total value of $1,129,240.00. Following the transaction, the chief executive officer now owns 1,803,813 shares in the company, valued at approximately $7,864,624.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Ido Schoenberg also recently made the following trade(s):
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- On Monday, September 12th, Ido Schoenberg sold 50,943 shares of American Well stock. The stock was sold at an average price of $4.25, for a total value of $216,507.75.
- On Monday, August 1st, Ido Schoenberg sold 10,295 shares of American Well stock. The stock was sold at an average price of $4.03, for a total value of $41,488.85.
- On Friday, July 1st, Ido Schoenberg sold 300,000 shares of American Well stock. The stock was sold at an average price of $4.39, for a total value of $1,317,000.00.
- On Tuesday, June 21st, Ido Schoenberg sold 136,472 shares of American Well stock. The stock was sold at an average price of $4.61, for a total value of $629,135.92.
American Well Price Performance
AMWL stock traded down $0.22 on Tuesday, reaching $4.03. The company had a trading volume of 1,917,318 shares, compared to its average volume of 2,536,481. American Well Co. has a 1 year low of $2.52 and a 1 year high of $11.40. The company's fifty day moving average is $4.54 and its 200 day moving average is $4.04.
American Well (NYSE:AMWL – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.25) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.01. American Well had a negative return on equity of 19.36% and a negative net
margin of 90.47%. The company had revenue of $64.52 million for the quarter, compared to analyst estimates of $64.13 million. During the same quarter in the prior year, the company posted ($0.15) EPS. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts expect that American Well Co. will post -0.99 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Piper Sandler lowered their price target on American Well from $6.00 to $5.00 in a report on Wednesday, September 7th. Truist Financial started coverage on American Well in a report on Wednesday, September 7th. They issued a "hold" rating and a $5.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, American Well has an average rating of "Moderate Buy" and a consensus target price of $8.50.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Baillie Gifford & Co. lifted its stake in shares of American Well by 13.0% during the 1st quarter. Baillie Gifford & Co. now owns 699,561 shares of the company's stock worth $2,946,000 after purchasing an additional 80,283 shares during the period. Principal Financial Group Inc. lifted its stake in shares of American Well by 166.3% during the 4th quarter. Principal Financial Group Inc. now owns 41,170 shares of the company's stock worth $248,000 after purchasing an additional 25,710 shares during the period. Rock Point Advisors LLC lifted its stake in shares of American Well by 185.8% during the 1st quarter. Rock Point Advisors LLC now owns 1,376,628 shares of the company's stock worth $5,796,000 after purchasing an additional 894,953 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of American Well during the 1st quarter worth $67,000. Finally, Lombard Odier Asset Management Switzerland SA lifted its stake in shares of American Well by 9.2% during the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 1,674,678 shares of the company's stock worth $10,115,000 after purchasing an additional 141,650 shares during the period. Hedge funds and other institutional investors own 46.62% of the company's stock.
American Well Company Profile
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American Well Corporation operates as a telehealth software company that enables digital delivery of care for healthcare. The company products offer urgent care; scheduled visits; acute behavioral health; telestroke; pediatrics; retail health, school health, and home settings. Its application offers urgent care; pediatrics; therapy; menopause nutrition; end-stage renal disease and dialysis; dermatology care; behavioral health therapy; and musculoskeletal care.
Further Reading
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