American Well Co. (NYSE:AMWL - Get Free Report) Director Deborah C. Jackson sold 42,202 shares of the business's stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $0.41, for a total value of $17,302.82. Following the sale, the director now directly owns 636,683 shares of the company's stock, valued at $261,040.03. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
American Well Stock Performance
American Well stock opened at $0.36 on Thursday. American Well Co. has a 1 year low of $0.35 and a 1 year high of $2.47. The business has a 50-day moving average of $0.46 and a 200-day moving average of $0.86.
American Well (NYSE:AMWL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.07). American Well had a negative net margin of 137.32% and a negative return on equity of 46.76%. The business had revenue of $59.52 million during the quarter, compared to analyst estimates of $61.10 million. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. On average, analysts anticipate that American Well Co. will post -0.75 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Bill Clinton Backing Biden Replacement???
From The Freeport Society | Ad
Do you want to see who I believe will be the next president of the U.S.A?
It won’t be Biden…And it won’t be Trump.
Click here to see why it will be ______ _________.
AMWL has been the subject of several recent research reports. Morgan Stanley dropped their price objective on American Well from $1.75 to $1.00 and set an "equal weight" rating for the company in a report on Monday, April 15th. UBS Group decreased their target price on American Well from $1.50 to $0.60 and set a "neutral" rating for the company in a research report on Thursday, May 23rd. Finally, Needham & Company LLC restated a "hold" rating on shares of American Well in a research report on Thursday, May 2nd.
Check Out Our Latest Stock Report on AMWL
Hedge Funds Weigh In On American Well
Several institutional investors and hedge funds have recently modified their holdings of AMWL. Madison Park Capital Advisors LLC acquired a new position in shares of American Well in the 4th quarter valued at approximately $34,000. Quadrature Capital Ltd bought a new stake in American Well in the 3rd quarter valued at approximately $36,000. Oak Thistle LLC bought a new stake in American Well in the 1st quarter valued at approximately $46,000. Cito Capital Group LLC lifted its stake in American Well by 35.2% in the 3rd quarter. Cito Capital Group LLC now owns 52,104 shares of the company's stock valued at $61,000 after acquiring an additional 13,552 shares in the last quarter. Finally, RPO LLC bought a new stake in American Well in the 4th quarter valued at approximately $85,000. 56.05% of the stock is currently owned by institutional investors and hedge funds.
American Well Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
