Lake Street Capital Lowers AFC Gamma (NASDAQ:AFCG) Price Target to $25.00

AFC Gamma (NASDAQ:AFCG – Get Rating) had its price target dropped by stock analysts at Lake Street Capital from $30.00 to $25.00 in a research note issued on Thursday, The Fly reports. Lake Street Capital’s price target points to a potential upside of 141.55% from the stock’s current price.

AFCG has been the topic of a number of other reports. TD Cowen cut their target price on shares of AFC Gamma from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 8th. EF Hutton Acquisition Co. I cut their price target on shares of AFC Gamma from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 8th. JMP Securities downgraded shares of AFC Gamma from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, TheStreet downgraded shares of AFC Gamma from a “c-” rating to a “d+” rating in a report on Tuesday, April 4th.

AFC Gamma Stock Performance

Shares of AFC Gamma stock opened at $10.35 on Thursday. The firm has a market capitalization of $212.06 million, a PE ratio of 5.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.90 and a quick ratio of 4.90. The company’s fifty day moving average price is $12.01 and its two-hundred day moving average price is $14.77. AFC Gamma has a 52-week low of $9.91 and a 52-week high of $19.00.

AFC Gamma (NASDAQ:AFCG – Get Rating) last posted its earnings results on Tuesday, March 7th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. The business had revenue of $21.43 million for the quarter, compared to analyst estimates of $18.40 million. AFC Gamma had a net margin of 44.09% and a return on equity of 16.84%. On average, analysts expect that AFC Gamma will post 2.31 EPS for the current year.

Hedge Funds Weigh In On AFC Gamma

Hedge funds have recently bought and sold shares of the business. Money Concepts Capital Corp acquired a new stake in AFC Gamma during the fourth quarter worth about $31,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of AFC Gamma in the 4th quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of AFC Gamma in the 1st quarter valued at approximately $53,000. Newbridge Financial Services Group Inc. boosted its stake in shares of AFC Gamma by 100.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,000 shares of the company’s stock valued at $63,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of AFC Gamma by 347.1% in the 4th quarter. Barclays PLC now owns 4,780 shares of the company’s stock valued at $75,000 after purchasing an additional 3,711 shares in the last quarter. 36.90% of the stock is owned by institutional investors.

About AFC Gamma

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AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other types of loans and debt securities for established companies operating in the cannabis industry in states that have legalized medicinal and/or adult use cannabis. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.