Shares of Andersen Group Inc. (NYSE:ANDG – Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $40.23 and last traded at $39.3710, with a volume of 73862 shares traded. The stock had previously closed at $40.06.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Andersen Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Truist Financial increased their price target on shares of Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. UBS Group increased their price target on shares of Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $41.00 price target on shares of Andersen Group in a research report on Wednesday, May 13th. Finally, Robert W. Baird increased their price target on shares of Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.
View Our Latest Analysis on ANDG
Andersen Group Stock Performance
Andersen Group (NYSE:ANDG – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $240.75 million for the quarter. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, research analysts forecast that Andersen Group Inc. will post 0.73 earnings per share for the current fiscal year.
Insider Buying and Selling at Andersen Group
In other news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of Andersen Group stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $35.82 per share, for a total transaction of $84,785.94. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at approximately $537,300. This represents a 18.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Hedge Funds Weigh In On Andersen Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANDG. Teacher Retirement System of Texas acquired a new position in Andersen Group in the fourth quarter valued at about $4,278,000. PNC Financial Services Group Inc. acquired a new position in Andersen Group in the fourth quarter valued at about $215,000. Royce & Associates LP acquired a new position in Andersen Group in the fourth quarter valued at about $19,948,000. Seven Grand Managers LLC acquired a new position in Andersen Group in the fourth quarter valued at about $12,965,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Andersen Group during the fourth quarter worth approximately $10,420,000.
Andersen Group Company Profile
Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.
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