American Well (NYSE:AMWL) Given New $12.00 Price Target at Truist Financial

American Well (NYSE:AMWL) had its target price lifted by Truist Financial from $10.00 to $12.00 in a research report report published on Friday,Benzinga reports. The firm currently has a hold rating on the stock.

Several other equities research analysts also recently weighed in on AMWL. Needham & Company LLC reissued a “hold” rating on shares of American Well in a research note on Thursday. Wells Fargo & Company upgraded shares of American Well from an “equal weight” rating to an “overweight” rating and set a $15.00 price target on the stock in a report on Monday, January 13th. Morgan Stanley dropped their target price on shares of American Well from $20.00 to $10.50 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Finally, Stifel Nicolaus increased their target price on shares of American Well from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and one has given 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 $11.90.

American Well Stock Performance

Shares of NYSE:AMWL opened at $12.17 on Friday. The firm has a fifty day moving average price of $9.31 and a 200 day moving average price of $9.17. American Well has a fifty-two week low of $5.00 and a fifty-two week high of $29.00. The firm has a market cap of $186.37 million, a price-to-earnings ratio of -0.83 and a beta of 1.18.

American Well (NYSE:AMWL) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($2.77) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts predict that American Well will post -13.38 earnings per share for the current year.

Institutional Trading of American Well

Institutional investors have recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new stake in shares of American Well in the 4th quarter valued at about $45,000. BNP Paribas Financial Markets bought a new stake in shares of American Well in the 3rd quarter valued at about $95,000. PDT Partners LLC bought a new stake in shares of American Well in the 3rd quarter valued at about $107,000. Walleye Capital LLC bought a new stake in shares of American Well in the 3rd quarter valued at about $167,000. Finally, Jane Street Group LLC boosted its holdings in shares of American Well by 21.9% in the 4th quarter. Jane Street Group LLC now owns 19,260 shares of the company’s stock valued at $140,000 after buying an additional 3,462 shares in the last quarter. 56.05% of the stock is currently owned by institutional investors.

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.