Affimed NV (NASDAQ:AFMD) shares shot up 6.6% on Thursday . The company traded as high as $4.32 and last traded at $4.22. 1,578,713 shares were traded during trading, an increase of 45% from the average session volume of 1,088,334 shares. The stock had previously closed at $3.96.
A number of brokerages have recently weighed in on AFMD. Zacks Investment Research downgraded Affimed from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub upgraded Affimed from a “strong sell” rating to a “sell” rating in a report on Saturday, November 3rd. ValuEngine upgraded Affimed from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. SunTrust Banks lowered their price target on Affimed to $5.00 and set a “buy” rating on the stock in a report on Thursday, October 11th. Finally, BMO Capital Markets lifted their price target on Affimed from $4.00 to $5.00 and gave the company an “outperform” rating in a report on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $4.81.
The company has a quick ratio of 5.33, a current ratio of 5.36 and a debt-to-equity ratio of 0.06. The firm has a market cap of $247.07 million, a price-to-earnings ratio of -5.21 and a beta of 3.62.
Hedge funds and other institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board purchased a new position in Affimed in the second quarter valued at about $165,000. Dimensional Fund Advisors LP grew its stake in Affimed by 28.8% in the first quarter. Dimensional Fund Advisors LP now owns 319,871 shares of the biopharmaceutical company’s stock valued at $592,000 after purchasing an additional 71,545 shares in the last quarter. Millennium Management LLC purchased a new position in Affimed in the first quarter valued at about $4,731,000. Stanley Laman Group Ltd. purchased a new position in Affimed in the second quarter valued at about $100,000. Finally, Renaissance Technologies LLC grew its stake in Affimed by 38.8% in the second quarter. Renaissance Technologies LLC now owns 177,510 shares of the biopharmaceutical company’s stock valued at $293,000 after purchasing an additional 49,610 shares in the last quarter. Hedge funds and other institutional investors own 40.62% of the company’s stock.
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Affimed Company Profile (NASDAQ:AFMD)
Affimed N.V., a clinical-stage biopharmaceutical company, focuses on discovering and developing cancer immunotherapies in the United States, Europe, and Germany. Its lead candidate is AFM13, a natural killer cell (NK-cell) TandAb, which is in Phase 2a clinical study of relapsed CD30-positive lymphoma and Phase 1b clinical study of anti-PD-1 antibody Keytruda (pembrolizumab) in patients with relapsed Hodgkin lymphoma.
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