American Well Co. (NYSE:AMWL) Receives $11.90 Consensus Price Target from Analysts

Shares of American Well Co. (NYSE:AMWL) have been given a consensus rating of “Hold” by the six brokerages that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $11.90.

A number of research firms have issued reports on AMWL. Stifel Nicolaus upped their target price on shares of American Well from $9.00 to $10.00 and gave the company a “hold” rating in a report on Thursday. Truist Financial upped their target price on shares of American Well from $10.00 to $12.00 and gave the company a “hold” rating in a report on Friday. Wells Fargo & Company upgraded shares of American Well from an “equal weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a report on Monday, January 13th. Needham & Company LLC restated a “hold” rating on shares of American Well in a report on Thursday. Finally, Morgan Stanley cut their price objective on shares of American Well from $20.00 to $10.50 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th.

Institutional Trading of American Well

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC increased its position in American Well by 21.9% during the 4th quarter. Jane Street Group LLC now owns 19,260 shares of the company’s stock worth $140,000 after purchasing an additional 3,462 shares in the last quarter. Northern Trust Corp grew its position in shares of American Well by 7.4% during the fourth quarter. Northern Trust Corp now owns 29,021 shares of the company’s stock worth $210,000 after buying an additional 1,992 shares in the last quarter. Senvest Management LLC grew its position in shares of American Well by 3.9% during the fourth quarter. Senvest Management LLC now owns 1,300,611 shares of the company’s stock worth $9,429,000 after buying an additional 48,800 shares in the last quarter. Geode Capital Management LLC grew its position in shares of American Well by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 147,925 shares of the company’s stock worth $1,073,000 after buying an additional 922 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of American Well during the fourth quarter worth approximately $204,000. Institutional investors and hedge funds own 56.05% of the company’s stock.

American Well Stock Up 3.7 %

NYSE:AMWL opened at $12.17 on Friday. American Well has a fifty-two week low of $5.00 and a fifty-two week high of $29.00. The stock has a market cap of $186.37 million, a PE ratio of -0.83 and a beta of 1.18. The firm’s fifty day simple moving average is $9.31 and its 200-day simple moving average is $9.18.

American Well (NYSE:AMWL) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($2.77) EPS for the quarter, beating analysts’ consensus estimates of ($3.04) by $0.27. American Well had a negative net margin of 84.27% and a negative return on equity of 52.49%. Equities analysts anticipate that American Well will post -13.38 earnings per share for the current year.

American Well Company Profile

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.