AFC Gamma (NASDAQ:AFCG) Rating Increased to Buy at Wall Street Zen

AFC Gamma (NASDAQ:AFCG) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of AFC Gamma in a research report on Monday, April 20th. Zacks Research upgraded AFC Gamma from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $4.50.

AFC Gamma Stock Performance

AFCG opened at $3.73 on Friday. The business has a fifty day simple moving average of $2.97 and a 200 day simple moving average of $2.77. The company has a market capitalization of $87.77 million, a PE ratio of -5.83 and a beta of 0.77. AFC Gamma has a 1 year low of $2.06 and a 1 year high of $5.78. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.41 and a quick ratio of 1.41.

AFC Gamma (NASDAQ:AFCG) last released its quarterly earnings results on Wednesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.18). The firm had revenue of $9.07 million during the quarter, compared to the consensus estimate of $5.36 million. AFC Gamma had a negative net margin of 43.21% and a positive return on equity of 1.48%. Research analysts expect that AFC Gamma will post 0.49 EPS for the current year.

Insider Buying and Selling at AFC Gamma

In related news, Director Leonard M. Tannenbaum purchased 90,600 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $2.84 per share, with a total value of $257,304.00. Following the completion of the purchase, the director owned 6,516,775 shares in the company, valued at approximately $18,507,641. This represents a 1.41% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought a total of 609,608 shares of company stock valued at $1,588,892 over the last ninety days. Corporate insiders own 30.70% of the company’s stock.

AFC Gamma Company Profile

AFC Gamma, Inc is a specialty finance real estate investment trust that focuses on providing structured financing solutions to companies operating and developing digital infrastructure and life science real estate assets. As a REIT, AFC Gamma seeks to generate attractive risk-adjusted returns through a diversified portfolio of loans, preferred equity and other financing structures that are secured by tangible property collateral or contractual revenue streams.

The company’s primary business activities include originating, acquiring and managing secured loans and equity investments that support wireless and broadband network deployment, data center expansion, and life sciences facility development.