American Well Co. (NYSE:AMWL) Insider Kathy Johnson Weiler Sells 7,266 Shares of Stock

American Well Co. (NYSE:AMWL) insider Kathy Johnson Weiler sold 7,266 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $7.87, for a total transaction of $57,183.42. Following the transaction, the insider now owns 188,027 shares of the company’s stock, valued at approximately $1,479,772.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

American Well Stock Up 2.7 %

Shares of AMWL opened at $8.00 on Friday. The firm has a 50-day moving average price of $8.10 and a 200 day moving average price of $11.39. The firm has a market capitalization of $118.58 million, a PE ratio of -0.33 and a beta of 1.04. American Well Co. has a 52-week low of $5.00 and a 52-week high of $31.60.

American Well (NYSE:AMWL) last announced its earnings results on Wednesday, July 31st. The company reported ($3.36) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.94) by $0.58. American Well had a negative net margin of 120.44% and a negative return on equity of 50.36%. The firm had revenue of $62.79 million during the quarter, compared to analyst estimates of $60.78 million. During the same quarter in the prior year, the firm posted ($4.60) EPS. On average, equities analysts expect that American Well Co. will post -13.91 EPS for the current year.

Institutional Investors Weigh In On American Well

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rock Point Advisors LLC lifted its holdings in American Well by 1.9% in the 2nd quarter. Rock Point Advisors LLC now owns 2,308,617 shares of the company’s stock valued at $750,000 after acquiring an additional 43,500 shares during the last quarter. Oak Thistle LLC purchased a new stake in American Well during the first quarter valued at about $46,000. RPO LLC purchased a new stake in American Well during the fourth quarter valued at about $85,000. Point72 DIFC Ltd lifted its stake in American Well by 1,418.5% during the second quarter. Point72 DIFC Ltd now owns 103,457 shares of the company’s stock valued at $34,000 after buying an additional 96,644 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in American Well by 75.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 289,318 shares of the company’s stock valued at $235,000 after buying an additional 124,441 shares in the last quarter. 56.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMWL. Wells Fargo & Company lowered their price target on shares of American Well from $40.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. UBS Group decreased their target price on shares of American Well from $30.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, May 23rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of American Well in a research report on Thursday, August 1st.

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.