SunTrust Banks, Inc. assumed coverage on shares of Affimed N.V. (NASDAQ:AFMD) in a research report released on Thursday, July 13th, Marketbeat Ratings reports. The firm issued a buy rating and a $7.00 target price on the biopharmaceutical company’s stock.

Other analysts also recently issued reports about the company. Oppenheimer Holdings, Inc. reissued a buy rating on shares of Affimed N.V. in a research note on Wednesday, March 22nd. Zacks Investment Research raised Affimed N.V. from a hold rating to a buy rating and set a $2.75 target price for the company in a report on Wednesday, April 19th. Jefferies Group LLC upped their target price on Affimed N.V. to $2.50 and gave the company a hold rating in a report on Wednesday, April 26th. Finally, ValuEngine raised Affimed N.V. from a strong sell rating to a sell rating in a 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 stock. Affimed N.V. has an average rating of Hold and an average price target of $4.80.

Shares of Affimed N.V. (NASDAQ:AFMD) opened at 2.20 on Thursday. The firm’s market cap is $96.66 million. Affimed N.V. has a 12-month low of $1.65 and a 12-month high of $3.25. The firm’s 50-day moving average price is $2.22 and its 200 day moving average price is $2.23.

Affimed N.V. (NASDAQ:AFMD) last issued its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The firm had revenue of $0.51 million during the quarter, compared to the consensus estimate of $1.31 million. Affimed N.V. had a negative return on equity of 73.85% and a negative net margin of 978.31%. The company’s quarterly revenue was down 75.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.24) earnings per share. On average, equities analysts expect that Affimed N.V. will post ($0.89) earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of AFMD. Creative Planning raised its position in Affimed N.V. by 7.7% in the second quarter. Creative Planning now owns 70,000 shares of the biopharmaceutical company’s stock worth $144,000 after buying an additional 5,000 shares during the last quarter. Nationwide Fund Advisors raised its position in 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 during the last quarter. Tekla Capital Management LLC raised its position in 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 during the last quarter. NEA Management Company LLC bought a new position in Affimed N.V. during the first quarter worth approximately $8,944,000. Finally, Wellington Management Group LLP raised its position in 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 during the last quarter. 42.41% of the stock is owned by hedge funds and other institutional investors.

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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