Affimed NV (AFMD) Earns “Buy” Rating from Oppenheimer Holdings Inc.

Oppenheimer Holdings Inc. reissued their buy rating on shares of Affimed NV (NASDAQ:AFMD) in a research note issued to investors on Wednesday morning.

Separately, Zacks Investment Research cut shares of Affimed NV from a buy rating to a hold rating in a research note on Wednesday, March 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Affimed NV presently has a consensus rating of Buy and a consensus target price of $3.81.

Shares of Affimed NV (NASDAQ:AFMD) opened at 2.60 on Wednesday. The firm’s 50-day moving average is $2.30 and its 200 day moving average is $2.25. The firm’s market capitalization is $86.34 million. Affimed NV has a 52 week low of $1.65 and a 52 week high of $5.00.

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Several hedge funds have recently added to or reduced their stakes in the stock. Perceptive Advisors LLC bought a new stake in Affimed NV during the fourth quarter valued at approximately $1,322,000. Baker BROS. Advisors LP bought a new stake in Affimed NV during the third quarter valued at approximately $1,112,000. Finally, Muhlenkamp & Co. Inc. boosted its stake in Affimed NV by 150.8% in the third quarter. Muhlenkamp & Co. Inc. now owns 73,109 shares of the biopharmaceutical company’s stock valued at $203,000 after buying an additional 43,955 shares during the period. 31.37% of the stock is currently owned by institutional investors and hedge funds.

Affimed NV 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.

5 Day Chart for NASDAQ:AFMD

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