American Well Co. (NYSE:AMWL) Insider Phyllis Gotlib Sells 4,781 Shares

American Well Co. (NYSE:AMWL) insider Phyllis Gotlib sold 4,781 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.80, for a total transaction of $42,072.80. Following the completion of the transaction, the insider now directly owns 147,998 shares in the company, valued at $1,302,382.40. This represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Phyllis Gotlib also recently made the following trade(s):

• On Monday, February 3rd, Phyllis Gotlib sold 299 shares of American Well stock. The stock was sold at an average price of $10.51, for a total transaction of $3,142.49.

American Well Trading Up 0.3 %

NYSE:AMWL opened at $8.73 on Thursday. The firm has a market cap of $136.23 million, a price-to-earnings ratio of -0.62 and a beta of 1.18. The company’s 50-day moving average is $9.86 and its two-hundred day moving average is $9.34. American Well Co. has a 12-month low of $5.00 and a 12-month high of $21.60.

American Well (NYSE:AMWL) last released its earnings results on Wednesday, February 12th. The company reported ($2.77) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.04) by $0.27. American Well had a negative net margin of 81.83% and a negative return on equity of 56.73%. On average, equities research analysts forecast that American Well Co. will post -9.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMWL. BNP Paribas Financial Markets acquired a new position in shares of American Well during the 3rd quarter valued at about $95,000. Walleye Capital LLC acquired a new position in shares of American Well during the 3rd quarter valued at about $167,000. PDT Partners LLC acquired a new position in shares of American Well during the 3rd quarter valued at about $107,000. HighTower Advisors LLC acquired a new position in shares of American Well during the 3rd quarter valued at about $355,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of American Well during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 56.05% of the company’s stock.

Wall Street Analyst Weigh In

AMWL has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of American Well from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, February 13th. Morgan Stanley lowered their price target on shares of American Well from $20.00 to $10.50 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Needham & Company LLC reiterated a “hold” rating on shares of American Well in a research report on Thursday, February 13th. Truist Financial boosted their price objective on shares of American Well from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company upgraded shares of American Well from an “equal weight” rating to an “overweight” rating and set a $15.00 price objective on the stock in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, American Well currently has a consensus rating of “Hold” and an average price target of $11.90.

About American Well

American Well Corporation, an enterprise platform and software company, delivers digitally enabling hybrid care in the United States and internationally. The company offers Converge, a cloud-based platform that enables health providers, payers, and innovators to provide in-person, virtual and automated care; and delivers virtual primary care, post-discharge follow-up, chronic condition management, virtual nursing, e-sitting, on-demand and scheduled virtual visits, specialty consults, automated care, and behavioral health, as well as specialty care programs, including dermatology, musculoskeletal care, second opinion, and cardiometabolic care to patients and members.