American Well Co. (NYSE:AMWL – Get Rating) CEO Roy Schoenberg sold 125,508 shares of the business's stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $3.74, for a total value of $469,399.92. Following the completion of the transaction, the chief executive officer now owns 2,425,957 shares of the company's stock, valued at $9,073,079.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
American Well Stock Down 4.8 %
Shares of American Well stock opened at $3.54 on Friday. American Well Co. has a 12-month low of $2.52 and a 12-month high of $10.27. The stock has a market cap of $968.44 million, a P/E ratio of -3.98 and a beta of -0.06. The business's 50 day moving average is $4.42 and its 200-day moving average is $4.04.
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American Well (NYSE:AMWL – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.25) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.25). American Well had a negative return on equity of 19.36% and a negative net margin of 90.47%. The business had revenue of $64.52 million for the quarter, compared to analysts' expectations of $64.13 million. During the same quarter in the prior year, the business earned ($0.15) EPS. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that American Well Co. will post -1.02 EPS for the current year.
Institutional Investors Weigh In On American Well
Large investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd raised its stake in American Well by 175.1% in the 1st quarter. Point72 Hong Kong Ltd now owns 8,087 shares of the company's stock valued at $34,000 after acquiring an additional 5,147 shares during the period. Nisa Investment Advisors LLC raised its stake in American Well by 440.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 8,100 shares of the company's stock valued at $34,000 after acquiring an additional 6,600 shares during the period. US Bancorp DE raised its stake in American Well by 605.2% in 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. Vigilant Capital Management LLC bought a new stake in American Well in the 1st quarter valued at $42,000. Finally, Mackenzie Financial Corp acquired a new position in American Well in the 1st quarter valued at $43,000. Institutional investors own 46.62% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on AMWL shares. Truist Financial started coverage on American Well in a research report on Wednesday, September 7th. They set a "hold" rating and a $5.00 price target for the company. Piper Sandler reduced their price target on American Well from $6.00 to $5.00 in a research report on Wednesday, September 7th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, American Well has a consensus rating of "Hold" and a consensus target price of $7.78.
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.
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