American Well (NYSE:AMWL) Releases Earnings Results, Beats Expectations By $1.36 EPS

American Well (NYSE:AMWL - Get Free Report) announced its quarterly earnings results on Thursday, May 1st. The company reported ($1.73) earnings per share for the quarter, beating analysts' consensus estimates of ($3.09) by $1.36, Zacks reports. The firm had revenue of $66.83 million for the quarter, compared to analyst estimates of $60.15 million. American Well had a negative net margin of 81.83% and a negative return on equity of 56.73%. American Well updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

American Well Price Performance

Shares of American Well stock traded up $0.16 during trading hours on Thursday, hitting $6.94. 59,085 shares of the company's stock traded hands, compared to its average volume of 91,027. The stock has a market capitalization of $108.33 million, a price-to-earnings ratio of -0.50 and a beta of 1.22. American Well has a 12-month low of $5.00 and a 12-month high of $12.95. The company has a fifty day simple moving average of $7.52 and a 200-day simple moving average of $8.77.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMWL. Needham & Company LLC reiterated a "hold" rating on shares of American Well in a research report on Friday, May 2nd. Wells Fargo & Company raised shares of American Well from an "equal weight" rating to an "overweight" rating and set a $15.00 target price on the stock in a report on Monday, January 13th. UBS Group lowered their price target on shares of American Well from $12.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday. Stifel Nicolaus reduced their price target 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, Truist Financial lowered their price objective on shares of American Well from $12.00 to $7.50 and set a "hold" rating on the stock in a report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, American Well presently has an average rating of "Hold" and a consensus target price of $10.00.

Insider Transactions at American Well

In related news, insider Phyllis Gotlib sold 4,781 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $8.80, for a total value of $42,072.80. Following the completion of the transaction, the insider now directly owns 147,998 shares of the company's stock, valued at approximately $1,302,382.40. This trade represents a 3.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.80% of the stock is currently owned by company insiders.

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.