Equities research analysts expect Affimed N.V. (NASDAQ:AFMD) to report $970,000.00 in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Affimed N.V.’s earnings. The highest sales estimate is $1.77 million and the lowest is $530,000.00. Affimed N.V. reported sales of $1.05 million in the same quarter last year, which would suggest a negative year over year growth rate of 7.6%. The firm is expected to report its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Affimed N.V. will report full year sales of $970,000.00 for the current fiscal year, with estimates ranging from $1.10 million to $13.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $12.18 million per share, with estimates ranging from $2.13 million to $32.00 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Affimed N.V..
Affimed N.V. (NASDAQ:AFMD) last released its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. The firm had revenue of $0.51 million for the quarter, compared to analyst estimates 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 business’s revenue for the quarter was down 75.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.24) earnings per share.
A number of equities research analysts recently commented on the stock. SunTrust Banks, Inc. assumed coverage on shares of Affimed N.V. in a report on Thursday, July 13th. They issued a “buy” rating and a $7.00 price target on the stock. ValuEngine raised shares of Affimed N.V. from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $2.50 price target on shares of Affimed N.V. in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Affimed N.V. currently has a consensus rating of “Hold” and an average target price of $5.38.
Several large investors have recently bought and sold shares of AFMD. Wellington Management Group LLP raised its holdings in shares of Affimed N.V. by 30.8% in the 1st quarter. Wellington Management Group LLP now owns 5,413,291 shares of the biopharmaceutical company’s stock worth $12,450,000 after purchasing an additional 1,274,852 shares during the period. Virtu KCG Holdings LLC bought a new stake in shares of Affimed N.V. in the 2nd quarter worth approximately $144,000. Nationwide Fund Advisors raised its holdings in shares of Affimed N.V. by 4.6% in the 2nd quarter. Nationwide Fund Advisors now owns 506,199 shares of the biopharmaceutical company’s stock worth $1,038,000 after purchasing an additional 22,172 shares during the period. Finally, Creative Planning raised its holdings in shares of Affimed N.V. by 7.7% in the 2nd quarter. Creative Planning now owns 70,000 shares of the biopharmaceutical company’s stock worth $144,000 after purchasing an additional 5,000 shares during the period. 42.34% of the stock is currently owned by institutional investors.
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Shares of Affimed N.V. (AFMD) opened at 2.15 on Thursday. Affimed N.V. has a 1-year low of $1.65 and a 1-year high of $2.95. The company’s market cap is $94.47 million. The firm has a 50-day moving average price of $2.15 and a 200 day moving average price of $2.20.
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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