Affimed N.V. (AFMD) Receives Average Rating of “Hold” from Brokerages
Shares of Affimed N.V. (NASDAQ:AFMD) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $5.38.
AFMD has been the subject of several research analyst reports. ValuEngine upgraded shares of Affimed N.V. from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Oppenheimer Holdings, Inc. set a $10.00 price target on shares of Affimed N.V. and gave the stock a “buy” rating in a research note on Thursday, May 18th. Jefferies Group LLC restated a “hold” rating and set a $2.50 price target on shares of Affimed N.V. in a research note on Thursday, July 27th. Finally, SunTrust Banks, Inc. started coverage on shares of Affimed N.V. in a research note on Thursday, July 13th. They set a “buy” rating and a $7.00 price target on the stock.
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Institutional investors have recently made changes to their positions in the company. Creative Planning increased its position in shares of Affimed N.V. by 30.0% in the first quarter. Creative Planning now owns 65,000 shares of the biopharmaceutical company’s stock worth $150,000 after buying an additional 15,000 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Affimed N.V. by 9,542.0% in the first quarter. Nationwide Fund Advisors now owns 484,027 shares of the biopharmaceutical company’s stock worth $1,113,000 after buying an additional 479,007 shares in the last quarter. NEA Management Company LLC purchased a new position in shares of Affimed N.V. during the first quarter worth about $8,944,000. Wellington Management Group LLP boosted its position in shares of Affimed N.V. by 30.8% in the first quarter. Wellington Management Group LLP now owns 5,413,291 shares of the biopharmaceutical company’s stock worth $12,450,000 after buying an additional 1,274,852 shares in the last quarter. Finally, Tekla Capital Management LLC boosted its position in shares of Affimed N.V. by 377.7% in the first quarter. Tekla Capital Management LLC now owns 1,405,324 shares of the biopharmaceutical company’s stock worth $3,232,000 after buying an additional 1,111,111 shares in the last quarter. 42.34% of the stock is owned by institutional investors.
Shares of Affimed N.V. (AFMD) opened at 1.9875 on Friday. Affimed N.V. has a 52-week low of $1.65 and a 52-week high of $3.20. The stock’s 50 day moving average is $2.15 and its 200-day moving average is $2.24. The firm’s market capitalization is $87.33 million.
Affimed N.V. (NASDAQ:AFMD) last issued its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.02. The firm had revenue of $0.51 million during the quarter, compared to analysts’ expectations of $1.31 million. Affimed N.V. had a negative net margin of 978.31% and a negative return on equity of 73.85%. The firm’s revenue for the quarter was down 75.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.24) earnings per share. On average, equities analysts forecast that Affimed N.V. will post ($0.84) earnings per share for the current fiscal year.
Affimed N.V. Company Profile
Affimed N.V. is a clinical-stage biopharmaceutical company focused on discovering and developing cancer immunotherapies. The Company’s product candidates are developed in the field of immuno-oncology, which represents an approach to cancer research that seeks to harness the body’s own immune system to fight tumor cells.
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