American Well (NYSE:AMWL) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

American Well (NYSE:AMWL - Free Report) had its price target hoisted by Stifel Nicolaus from $9.00 to $10.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a hold rating on the stock.

Several other equities research analysts also recently issued reports on AMWL. Wells Fargo & Company upgraded shares of American Well from an "equal weight" rating to an "overweight" rating and set a $15.00 price objective for the company in a research note on Monday, January 13th. Needham & Company LLC reiterated a "hold" rating on shares of American Well in a report on Thursday. Finally, Morgan Stanley cut their price objective on American Well from $20.00 to $10.50 and set an "equal weight" rating on the stock in a research report on Tuesday, December 17th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $11.90.

American Well Stock Up 3.7 %

Shares of AMWL traded up $0.44 on Thursday, hitting $12.17. 239,844 shares of the stock traded hands, compared to its average volume of 57,283. American Well has a 1 year low of $5.00 and a 1 year high of $29.00. The firm has a market capitalization of $186.37 million, a P/E ratio of -0.83 and a beta of 1.18. The stock's 50 day moving average is $9.31 and its two-hundred day moving average is $9.18.

American Well (NYSE:AMWL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($2.77) earnings per share for the quarter, topping 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%. Research analysts forecast that American Well will post -13.38 EPS for the current year.

Institutional Trading of American Well

Large investors have recently modified their holdings of the business. Compagnie Lombard Odier SCmA acquired a new position in shares of American Well in the 4th quarter valued at approximately $45,000. BNP Paribas Financial Markets acquired a new stake in American Well in the third quarter valued at $95,000. OMERS ADMINISTRATION Corp bought a new position in American Well during the 4th quarter valued at $76,000. PDT Partners LLC acquired a new position in American Well during the 3rd quarter worth $107,000. Finally, Walleye Capital LLC bought a new stake in shares of American Well in the 3rd quarter worth about $167,000. 56.05% of the stock is currently owned by institutional investors and hedge funds.

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.