Affimed N.V. (NASDAQ:AFMD) to Post Q3 2017 Earnings of ($0.19) Per Share, Oppenheimer Holdings Forecasts
Affimed N.V. (NASDAQ:AFMD) – Research analysts at Oppenheimer Holdings dropped their Q3 2017 earnings per share estimates for shares of Affimed N.V. in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst H. Singh now forecasts that the biopharmaceutical company will post earnings of ($0.19) per share for the quarter, down from their prior estimate of ($0.18). Oppenheimer Holdings currently has a “Buy” rating and a $10.00 target price on the stock. Oppenheimer Holdings also issued estimates for Affimed N.V.’s Q4 2017 earnings at ($0.24) EPS, FY2017 earnings at ($0.86) EPS and FY2018 earnings at ($0.85) EPS.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Affimed N.V. from a “buy” rating to a “hold” rating in a report on Friday, April 21st. SunTrust Banks, Inc. started coverage on shares of Affimed N.V. in a research report on Thursday, July 13th. They set a “buy” rating and a $7.00 target price for the company. Jefferies Group LLC boosted their target price on shares of Affimed N.V. to $2.50 and gave the company a “hold” rating in a research report on Wednesday, April 26th. Finally, ValuEngine upgraded shares of Affimed N.V. from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Affimed N.V. has an average rating of “Hold” and an average target price of $4.80.
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Affimed N.V. (NASDAQ AFMD) opened at 2.10 on Friday. The company’s market capitalization is $92.27 million. The company has a 50-day moving average price of $2.22 and a 200-day moving average price of $2.23. Affimed N.V. has a one year low of $1.65 and a one year high of $3.25.
Affimed N.V. (NASDAQ:AFMD) last announced its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.02. Affimed N.V. had a negative return on equity of 73.85% and a negative net margin of 978.31%. The company had revenue of $0.51 million for the quarter, compared to analysts’ expectations of $1.31 million. During the same period last year, the firm earned ($0.24) EPS. Affimed N.V.’s revenue for the quarter was down 75.4% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of AFMD. Creative Planning raised its stake 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 valued at $150,000 after buying an additional 15,000 shares during the period. NEA Management Company LLC purchased a new stake in shares of Affimed N.V. during the first quarter valued at about $8,944,000. Wellington Management Group LLP raised its stake 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 valued at $12,450,000 after buying an additional 1,274,852 shares during the period. Nationwide Fund Advisors raised its stake 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 valued at $1,113,000 after buying an additional 479,007 shares during the period. Finally, Tekla Capital Management LLC raised its stake 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 valued at $3,232,000 after buying an additional 1,111,111 shares during the period. Institutional investors own 42.41% of the company’s stock.
About Affimed N.V.
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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