Affimed (AFMD) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Affimed (NASDAQ:AFMD) from a buy rating to a hold rating in a research report report published on Thursday.

According to Zacks, “Affimed Therapeutics B.V. is a clinical-stage biopharmaceutical company. It is focused on discovering and developing cancer immunotherapies. Its product candidates are being developed in the field of immuno-oncology. The Company’s TandAbs has the ability to bring NK-cells or T-cells into proximity and trigger a signal cascade that leads to the destruction of cancer cells. Its product pipeline includes AFM13, AFM11 and AFM21. Affimed Therapeutics B.V. is headquartered in Heidelberg, Germany. “

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Shares of AFMD opened at $2.18 on Thursday. Affimed has a 1 year low of $1.15 and a 1 year high of $2.85. The company has a quick ratio of 5.58, a current ratio of 5.61 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $131.02, a PE ratio of -2.79 and a beta of 2.30.

Affimed (NASDAQ:AFMD) last released its quarterly earnings results on Tuesday, March 20th. The biopharmaceutical company reported ($0.16) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.16). Affimed had a negative return on equity of 80.04% and a negative net margin of 1,493.69%. The firm had revenue of $0.75 million during the quarter, compared to analysts’ expectations of $0.56 million. equities research analysts expect that Affimed will post -0.67 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in AFMD. Dimensional Fund Advisors LP increased its holdings in Affimed by 817.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 137,783 shares of the biopharmaceutical company’s stock valued at $310,000 after purchasing an additional 122,773 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Affimed during the 3rd quarter valued at $658,000. Virtu Financial LLC increased its holdings in Affimed by 483.0% during the 4th quarter. Virtu Financial LLC now owns 85,562 shares of the biopharmaceutical company’s stock valued at $111,000 after purchasing an additional 70,886 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in Affimed during the 4th quarter valued at $136,000. 27.86% of the stock is owned by hedge funds and other institutional investors.

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About Affimed

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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