American Well Co. (NYSE:AMWL) VP Bradford Gay Sells 6,181 Shares – MarketBeat
American Well Co. (NYSE:AMWL) VP Bradford Gay sold 6,181 shares of the firm’s stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $10.61, for a total transaction of $65,580.41. Following the completion of the transaction, the vice president now directly owns 702,093 shares of the company’s stock, valued at approximately $7,449,206.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Bradford Gay also recently made the following trade(s):
- On Saturday, June 5th, Bradford Gay sold 11,634 shares of American Well stock. The stock was sold at an average price of $13.30, for a total value of $154,732.20.
Shares of AMWL traded down $0.13 during trading hours on Friday, hitting $10.64. 31,380 shares of the company were exchanged, compared to its average volume of 3,418,685. The firm’s 50 day moving average is $11.29 and its 200-day moving average is $15.41. American Well Co. has a 52 week low of $9.43 and a 52 week high of $43.75. The company has a market cap of $2.58 billion and a PE ratio of -4.69.
American Well (NYSE:AMWL) last announced its earnings results on Tuesday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.04. American Well had a negative return on equity of 15.41% and a negative net margin of 79.09%. The firm had revenue of $60.22 million during the quarter, compared to analysts’ expectations of $60.28 million. On average, equities analysts expect that American Well Co. will post -0.76 earnings per share for the current year.
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Several research firms have weighed in on AMWL. Credit Suisse Group lowered their target price on American Well from $17.50 to $13.50 and set a “neutral” rating on the stock in a research note on Thursday, August 12th. Piper Sandler dropped their price objective on shares of American Well from $30.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, May 13th. Morgan Stanley cut their target price on shares of American Well from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday. Guggenheim upgraded shares of American Well from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Monday, May 17th. Finally, Cowen cut their price objective on American Well from $29.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, August 24th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.17.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC boosted its position in shares of American Well by 18.6% in the first quarter. Private Advisor Group LLC now owns 23,528 shares of the company’s stock valued at $409,000 after acquiring an additional 3,684 shares during the period. Signaturefd LLC lifted its position in shares of American Well by 367.4% in the 1st quarter. Signaturefd LLC now owns 2,337 shares of the company’s stock worth $41,000 after acquiring an additional 1,837 shares during the period. Aldebaran Financial Inc. bought a new stake in shares of American Well during the first quarter valued at approximately $6,789,000. Vantage Investment Partners LLC raised its stake in shares of American Well by 293.4% in the first quarter. Vantage Investment Partners LLC now owns 1,967,677 shares of the company’s stock valued at $34,179,000 after purchasing an additional 1,467,447 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in American Well by 26.5% in the first quarter. Treasurer of the State of North Carolina now owns 21,020 shares of the company’s stock worth $365,000 after purchasing an additional 4,400 shares during the period. 40.75% of the stock is currently owned by institutional investors.
About American Well
American Well Corporation operates as a telehealth company that enables digital delivery of care for healthcare. Its application offers urgent care; pediatrics; therapy; menopause nutrition; menopause counseling; telestroke; population health management; telepsychiatry; pregnancy and postpartum care; pregnancy and postpartum therapy; breastfeed support; and menopause care.
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