American Well (NYSE:AMWL) Releases Earnings Results, Beats Estimates By $0.27 EPS

American Well (NYSE:AMWL) released its quarterly earnings data on Wednesday. The company reported ($2.77) EPS for the quarter, topping the consensus estimate of ($3.04) by $0.27, Zacks reports. American Well had a negative return on equity of 52.49% and a negative net margin of 84.27%.

American Well Stock Up 6.1 %

American Well stock traded up $0.70 during midday trading on Wednesday, reaching $12.17. 200,641 shares of the stock traded hands, compared to its average volume of 61,468. The stock’s fifty day moving average is $9.16 and its 200-day moving average is $9.10. American Well has a 12 month low of $5.00 and a 12 month high of $29.00. The stock has a market cap of $186.44 million, a P/E ratio of -0.83 and a beta of 1.18.

Analysts Set New Price Targets

AMWL has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of American Well in a research report on Thursday, October 31st. 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. Finally, Morgan Stanley reduced their target price on American Well from $20.00 to $10.50 and set an “equal weight” rating for the company in a report on Tuesday, December 17th.

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.