American Well (NYSE:AMWL) Issues Earnings Results, Misses Expectations By $0.07 EPS

American Well (NYSE:AMWL) announced its quarterly earnings data on Wednesday. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.07), Zacks reports. The company had revenue of $59.52 million during the quarter, compared to analyst estimates of $61.10 million. American Well had a negative net margin of 137.32% and a negative return on equity of 46.76%. During the same period in the prior year, the firm earned ($0.24) earnings per share. American Well updated its FY 2025 guidance to EPS and its FY 2024 guidance to EPS.

American Well Stock Up 9.6 %

Shares of NYSE AMWL traded up $0.05 during midday trading on Friday, reaching $0.57. 3,297,632 shares of the company were exchanged, compared to its average volume of 3,163,082. The stock’s 50-day moving average price is $0.78 and its 200-day moving average price is $1.06. The stock has a market cap of $164.87 million, a P/E ratio of -0.47 and a beta of 1.12. American Well has a one year low of $0.45 and a one year high of $2.74.

Insider Transactions at American Well

In other news, EVP Vukasin Paunovich sold 251,323 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $1.09, for a total transaction of $273,942.07. Following the completion of the transaction, the executive vice president now owns 2,535,635 shares of the company’s stock, valued at $2,763,842.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other American Well news, COO Kurt Knight sold 283,079 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1.09, for a total transaction of $308,556.11. Following the completion of the sale, the chief operating officer now owns 3,114,004 shares of the company’s stock, valued at approximately $3,394,264.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Vukasin Paunovich sold 251,323 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $1.09, for a total transaction of $273,942.07. Following the completion of the transaction, the executive vice president now owns 2,535,635 shares in the company, valued at approximately $2,763,842.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,168,915 shares of company stock worth $1,261,161. Insiders own 12.94% of the company’s stock.

Analyst Upgrades and Downgrades

AMWL has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on shares of American Well from $1.75 to $1.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of American Well in a report on Thursday.

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.