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

American Well (NYSE:AMWL - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($1.73) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.09) by $1.36, Zacks reports. American Well had a negative net margin of 81.83% and a negative return on equity of 56.73%. The firm had revenue of $66.83 million during the quarter, compared to the consensus estimate of $60.15 million. American Well updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

American Well Price Performance

AMWL stock traded up $1.21 during midday trading on Friday, reaching $7.40. 131,670 shares of the stock were exchanged, compared to its average volume of 91,593. American Well has a 52 week low of $5.00 and a 52 week high of $12.95. The company has a fifty day moving average price of $7.70 and a 200 day moving average price of $8.84. The stock has a market capitalization of $115.51 million, a PE ratio of -0.53 and a beta of 1.22.

Insider Buying and Selling at American Well

In related news, insider Phyllis Gotlib sold 4,781 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $8.80, for a total value of $42,072.80. Following the completion of the sale, the insider now directly owns 147,998 shares in the company, valued at $1,302,382.40. This represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 5,219 shares of company stock worth $46,454. 12.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AMWL has been the subject of a number of analyst reports. Truist Financial dropped their price target on American Well from $12.00 to $7.50 and set a "hold" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus reduced their price target on shares of American Well from $10.00 to $8.00 and set a "hold" rating on the stock in a research report on Friday. Needham & Company LLC restated a "hold" rating on shares of American Well in a research report on Friday. Finally, Wells Fargo & Company raised 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. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $10.60.

American Well Company Profile

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.

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