AFC Gamma Inc. (NASDAQ:AFCG) Receives $5.75 Average Target Price from Analysts

Key Points

• AFC Gamma Inc. has received an average rating of "Moderate Buy" from analysts, with one strong buy recommendation and three hold ratings, while the average target price is $5.75.
• Insider activity has increased as CEO Daniel Neville and Director Leonard M. Tannenbaum purchased significant shares, contributing to a 6.28% and 1.63% increase in their respective holdings.
• The company's stock has decreased by 0.7% recently, with its current price at $4.55, and it has a dividend yield of 13.2% despite a negative payout ratio.

AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) has earned an average rating of "Moderate Buy" from the four ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.75.

Separately, Alliance Global Partners downgraded AFC Gamma from a "buy" rating to a "hold" rating and set a $4.50 target price on the stock. in a report on Friday, August 15th.

AFC Gamma Price Performance

Shares of AFCG stock traded up $0.07 during trading hours on Tuesday, reaching $4.63. The company's stock had a trading volume of 161,156 shares, compared to its average volume of 360,427. The firm's 50 day simple moving average is $4.48 and its 200-day simple moving average is $5.24. The company has a market capitalization of $104.59 million, a price-to-earnings ratio of -11.29 and a beta of 1.07. AFC Gamma has a fifty-two week low of $3.44 and a fifty-two week high of $10.88. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.06.

Insiders Place Their Bets

In other AFC Gamma news, CEO Daniel Neville bought 12,388 shares of AFC Gamma stock in a transaction on Monday, September 8th. The shares were purchased at an average price of $4.44 per share, with a total value of $55,002.72. Following the acquisition, the chief executive officer owned 209,649 shares in the company, valued at $930,841.56. This trade represents a 6.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leonard M. Tannenbaum bought 79,665 shares of AFC Gamma stock in a transaction on Friday, September 5th. The stock was acquired at an average cost of $4.56 per share, for a total transaction of $363,272.40. Following the acquisition, the director owned 4,962,171 shares in the company, valued at approximately $22,627,499.76. This represents a 1.63% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,030,683 shares of company stock worth $4,590,274. Company insiders own 26.80% of the company's stock.

About AFC Gamma

AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. 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.