American Well (NYSE:AMWL) Insider Dmitry Zamansky Sells 8,442 Shares of Stock

American Well Corporation (NYSE:AMWL) insider Dmitry Zamansky sold 8,442 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $13.00, for a total value of $109,746.00. Following the completion of the sale, the insider directly owned 224,178 shares in the company, valued at approximately $2,914,314. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

American Well Trading Up 2.7%

American Well stock traded up $0.34 on Monday, hitting $12.73. 82,244 shares of the stock traded hands, compared to its average volume of 99,318. American Well Corporation has a 1 year low of $3.71 and a 1 year high of $14.19. The firm has a market cap of $210.62 million, a P/E ratio of -2.67 and a beta of 1.67. The business’s fifty day simple moving average is $12.54 and its 200 day simple moving average is $9.50.

American Well (NYSE:AMWL) last released its earnings results on Tuesday, August 4th. The company reported ($0.59) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.27. The firm had revenue of $52.05 million for the quarter, compared to the consensus estimate of $49.87 million. American Well had a negative net margin of 35.75% and a negative return on equity of 30.12%. As a group, analysts predict that American Well Corporation will post -2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMWL shares. Truist Financial set a $12.00 target price on shares of American Well and gave the company a “hold” rating in a research note on Thursday, August 13th. Needham & Company LLC reissued a “hold” rating on shares of American Well in a research report on Wednesday, August 5th. Weiss Ratings restated a “sell (d-)” rating on shares of American Well in a research note on Friday, July 17th. Finally, Wells Fargo & Company raised their price objective on American Well from $9.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.50.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Well stock. Senvest Management LLC increased its position in American Well Corporation (NYSE:AMWL) by 213.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,136,558 shares of the company’s stock after acquiring an additional 773,834 shares during the period. Senvest Management LLC owned about 6.87% of American Well worth $5,978,000 at the end of the most recent reporting period. Institutional investors own 56.05% of the company’s stock.

About American Well

American Well Corporation, doing business as Amwell, is a digital health company that provides technology and services for virtual care. Its platform connects patients with healthcare professionals through video and other digital channels, supporting services such as urgent care, behavioral health, primary care, specialty care and chronic-condition management.

Amwell also provides software and infrastructure that enable health systems, health plans, employers and government organizations to offer and manage digital healthcare programs.