American Well Corporation (NYSE:AMWL – Get Free Report) insider Phyllis Gotlib sold 3,573 shares of American Well stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $9.74, for a total value of $34,801.02. Following the completion of the transaction, the insider owned 159,431 shares of the company’s stock, valued at $1,552,857.94. The trade was a 2.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Phyllis Gotlib also recently made the following trade(s):
- On Wednesday, April 1st, Phyllis Gotlib sold 3,706 shares of American Well stock. The shares were sold at an average price of $5.30, for a total value of $19,641.80.
American Well Stock Performance
Shares of AMWL opened at $8.73 on Friday. The stock has a 50-day simple moving average of $6.92 and a 200-day simple moving average of $5.56. The stock has a market capitalization of $144.40 million, a PE ratio of -1.61 and a beta of 1.69. American Well Corporation has a 1 year low of $3.71 and a 1 year high of $9.96.
Institutional Investors Weigh In On American Well
Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in American Well by 16.5% during the second quarter. JPMorgan Chase & Co. now owns 14,720 shares of the company’s stock worth $131,000 after purchasing an additional 2,081 shares during the last quarter. Geode Capital Management LLC lifted its stake in American Well by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 152,742 shares of the company’s stock worth $750,000 after purchasing an additional 3,450 shares during the last quarter. State Street Corp lifted its stake in American Well by 7.8% during the fourth quarter. State Street Corp now owns 52,299 shares of the company’s stock worth $257,000 after purchasing an additional 3,800 shares during the last quarter. Headlands Technologies LLC purchased a new stake in American Well during the second quarter worth approximately $39,000. Finally, Two Sigma Investments LP lifted its stake in American Well by 22.6% during the third quarter. Two Sigma Investments LP now owns 46,329 shares of the company’s stock worth $285,000 after purchasing an additional 8,553 shares during the last quarter. Hedge funds and other institutional investors own 56.05% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on AMWL shares. Morgan Stanley lifted their price objective on American Well from $6.00 to $6.50 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded American Well from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Stifel Nicolaus decreased their price objective on American Well from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Friday, February 13th. Finally, TD Cowen boosted their target price on American Well from $5.00 to $8.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.13.
View Our Latest Stock Report on American Well
American Well Company Profile
American Well, operating under the trade name Amwell, is a Boston-based digital health company that develops and delivers telehealth solutions to healthcare providers, payers, employers and patients. Through its cloud-based platform, the company enables secure virtual visits, remote patient monitoring and integrated care coordination across a range of medical disciplines, including primary care, behavioral health, chronic disease management and urgent care.
The company’s core offering, the Amwell Telehealth Platform, facilitates live video consultations, asynchronous messaging, e-prescribing and electronic health record integration.
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