American Well Co. (NYSE:AMWL) Given Consensus Rating of “Hold” by Brokerages

Shares of American Well Co. (NYSE:AMWL) have been assigned a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $11.90.

Several equities research analysts have commented on the stock. Wells Fargo & Company raised shares of American Well from an “equal weight” rating to an “overweight” rating and set a $15.00 price objective on the stock in a report on Monday, January 13th. Morgan Stanley dropped their price target on American Well from $20.00 to $10.50 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Needham & Company LLC restated a “hold” rating on shares of American Well in a report on Thursday. Stifel Nicolaus lifted their price objective on American Well from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Truist Financial lifted their price objective on American Well from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Friday.

Institutional Investors Weigh In On American Well

A number of hedge funds have recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA acquired a new position in shares of American Well in the fourth quarter valued at about $45,000. BNP Paribas Financial Markets purchased a new position in shares of American Well in the third quarter valued at approximately $95,000. PDT Partners LLC purchased a new position in shares of American Well in the third quarter valued at approximately $107,000. Walleye Capital LLC purchased a new position in American Well during the third quarter worth approximately $167,000. Finally, Norges Bank purchased a new position in American Well during the fourth quarter worth approximately $204,000. 56.05% of the stock is currently owned by hedge funds and other institutional investors.

American Well Trading Up 3.2 %

AMWL stock traded up $0.38 during mid-day trading on Friday, hitting $12.11. The stock had a trading volume of 105,781 shares, compared to its average volume of 64,409. American Well has a 52 week low of $5.00 and a 52 week high of $29.00. The firm has a market capitalization of $185.53 million, a P/E ratio of -0.83 and a beta of 1.18. The firm has a fifty day simple moving average of $9.26 and a 200 day simple moving average of $9.14.

American Well (NYSE:AMWL) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($2.77) earnings per share for the quarter, beating the consensus estimate 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%. As a group, equities analysts expect that American Well will post -13.38 earnings per share for the current fiscal year.

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.