Cantor Fitzgerald Weighs in on Affimed’s FY2022 Earnings (NASDAQ:AFMD)

Affimed (NASDAQ:AFMDGet Rating) – Investment analysts at Cantor Fitzgerald issued their FY2022 EPS estimates for Affimed in a research report issued on Wednesday, September 21st. Cantor Fitzgerald analyst L. Watsek forecasts that the biopharmaceutical company will post earnings of ($0.63) per share for the year. Cantor Fitzgerald has a “Overweight” rating on the stock. The consensus estimate for Affimed’s current full-year earnings is ($0.68) per share. Cantor Fitzgerald also issued estimates for Affimed’s FY2023 earnings at ($0.88) EPS.

Affimed (NASDAQ:AFMDGet Rating) last posted its quarterly earnings data on Thursday, August 11th. The biopharmaceutical company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The company had revenue of $7.78 million for the quarter, compared to analyst estimates of $8.12 million. Affimed had a negative net margin of 232.11% and a negative return on equity of 54.94%.

AFMD has been the topic of a number of other reports. SVB Leerink dropped their price objective on shares of Affimed from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, June 23rd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Affimed in a report on Thursday, August 18th. Finally, StockNews.com raised shares of Affimed from a “sell” rating to a “hold” rating in a report on Monday, August 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.00.

Affimed Trading Up 0.5 %

NASDAQ AFMD opened at $2.03 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.89 and a current ratio of 4.90. The firm has a market cap of $250.54 million, a PE ratio of -2.94 and a beta of 2.32. Affimed has a one year low of $1.93 and a one year high of $7.35. The firm’s fifty day moving average is $2.83 and its two-hundred day moving average is $3.30.

Institutional Trading of Affimed

A number of institutional investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC purchased a new stake in Affimed during the second quarter worth about $98,000. Walleye Capital LLC purchased a new stake in Affimed during the second quarter worth about $1,092,000. Woodline Partners LP purchased a new stake in Affimed during the second quarter worth about $6,953,000. Price T Rowe Associates Inc. MD boosted its holdings in Affimed by 30.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 13,570 shares of the biopharmaceutical company’s stock worth $38,000 after buying an additional 3,202 shares in the last quarter. Finally, DAFNA Capital Management LLC boosted its holdings in Affimed by 20.1% during the second quarter. DAFNA Capital Management LLC now owns 686,282 shares of the biopharmaceutical company’s stock worth $1,901,000 after buying an additional 115,000 shares in the last quarter. Hedge funds and other institutional investors own 71.08% of the company’s stock.

About Affimed

(Get Rating)

Affimed N.V., a clinical-stage biopharmaceutical company, focuses on discovering and developing cancer immunotherapies in the United States, Germany, and rest of Europe. Its lead product candidate is AFM13, which has completed Phase II clinical study for peripheral T-cell lymphoma; in Phase IIa clinical trial for CD30-positive lymphoma; and in Phase I clinical trial for hodgkin lymphoma.

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Earnings History and Estimates for Affimed (NASDAQ:AFMD)

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