American Well (NYSE:AMWL) Trading 0.2% Higher – Time to Buy?

American Well Corporation (NYSE:AMWL)’s stock price traded up 0.2% during trading on Friday . The stock traded as high as $7.06 and last traded at $6.99. 31,050 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 61,942 shares. The stock had previously closed at $6.97.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMWL. Piper Sandler restated a “neutral” rating and set a $8.00 price target (down previously from $10.00) on shares of American Well in a research note on Friday, May 23rd. Wells Fargo & Company cut their price objective on shares of American Well from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of American Well in a report on Friday, May 2nd. Stifel Nicolaus cut their price objective on shares of American Well from $10.00 to $8.00 and set a “hold” rating for the company in a report on Friday, May 2nd. Finally, UBS Group cut their price objective on shares of American Well from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, American Well has an average rating of “Hold” and a consensus price target of $9.17.

American Well Price Performance

The company has a market cap of $112.81 million, a P/E ratio of -0.87 and a beta of 1.28. The stock’s 50-day moving average is $7.77 and its two-hundred day moving average is $7.86.

American Well (NYSE:AMWL) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($1.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.84) by $0.60. American Well had a negative net margin of 46.15% and a negative return on equity of 41.99%. The company had revenue of $70.90 million for the quarter, compared to the consensus estimate of $63.87 million. American Well has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts predict that American Well Corporation will post -9.34 EPS for the current year.

Insiders Place Their Bets

In other American Well news, Director Deborah C. Jackson sold 4,531 shares of American Well stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $7.10, for a total value of $32,170.10. Following the completion of the transaction, the director directly owned 48,194 shares of the company’s stock, valued at $342,177.40. This trade represents a 8.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Phyllis Gotlib sold 4,958 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $8.63, for a total transaction of $42,787.54. Following the completion of the sale, the insider owned 136,891 shares of the company’s stock, valued at $1,181,369.33. This trade represents a 3.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,715 shares of company stock valued at $110,170. Corporate insiders own 11.82% of the company’s stock.

Institutional Investors Weigh In On American Well

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Investments LP lifted its holdings in American Well by 12.3% during the 4th quarter. Two Sigma Investments LP now owns 19,216 shares of the company’s stock valued at $139,000 after buying an additional 2,102 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of American Well by 21.9% in the 4th quarter. Jane Street Group LLC now owns 19,260 shares of the company’s stock valued at $140,000 after purchasing an additional 3,462 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of American Well by 102.7% in the 4th quarter. Two Sigma Advisers LP now owns 41,045 shares of the company’s stock valued at $298,000 after purchasing an additional 20,800 shares in the last quarter. 4D Advisors LLC bought a new stake in shares of American Well in the 4th quarter valued at about $1,088,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of American Well in the 4th quarter valued at about $76,000. Institutional investors own 56.05% of the company’s stock.

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.