Leerink Swann Comments on Affimed N.V.’s FY2017 Earnings (AFMD)

Affimed N.V. (NASDAQ:AFMD) – Research analysts at Leerink Swann raised their FY2017 earnings per share (EPS) estimates for Affimed N.V. in a report issued on Tuesday. Leerink Swann analyst M. Schmidt now forecasts that the biopharmaceutical company will post earnings of ($0.84) per share for the year, up from their prior estimate of ($0.85). Leerink Swann also issued estimates for Affimed N.V.’s Q4 2017 earnings at ($0.20) EPS and FY2018 earnings at ($0.61) EPS.

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Several other equities analysts have also weighed in on AFMD. Jefferies Group LLC restated a “hold” rating and set a $2.50 target price on shares of Affimed N.V. in a report on Thursday, July 27th. ValuEngine downgraded Affimed N.V. from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.

Affimed N.V. (AFMD) opened at $2.00 on Friday. Affimed N.V. has a 1-year low of $1.65 and a 1-year high of $2.95. The company has a quick ratio of 6.65, a current ratio of 6.43 and a debt-to-equity ratio of 0.14.

A number of hedge funds have recently added to or reduced their stakes in AFMD. Creative Planning grew its position in Affimed N.V. by 7.7% during 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 in the last quarter. Virtu KCG Holdings LLC acquired a new stake in Affimed N.V. during the second quarter worth about $144,000. Finally, Nationwide Fund Advisors grew its position in Affimed N.V. by 4.6% during the second quarter. Nationwide Fund Advisors now owns 506,199 shares of the biopharmaceutical company’s stock worth $1,038,000 after buying an additional 22,172 shares in the last quarter. 42.34% of the stock is currently owned by institutional investors and hedge funds.

About Affimed N.V.

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.

Earnings History and Estimates for Affimed N.V. (NASDAQ:AFMD)

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