Andersen Group Inc. (NYSE:ANDG – Get Free Report)’s stock price was up 7.7% during trading on Friday . The company traded as high as $37.56 and last traded at $37.7190. Approximately 206,786 shares changed hands during trading, a decline of 33% from the average daily volume of 307,213 shares. The stock had previously closed at $35.01.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on ANDG shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $41.00 price objective on shares of Andersen Group in a research report on Wednesday, May 13th. Weiss Ratings upgraded Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. Morgan Stanley increased their price objective on Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. UBS Group increased their price objective on Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Wells Fargo & Company increased their price objective on Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Andersen Group presently has an average rating of “Moderate Buy” and an average target price of $39.00.
Read Our Latest Stock Analysis on ANDG
Andersen Group Stock Up 7.1%
Andersen Group (NYSE:ANDG – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The firm had revenue of $240.75 million during the quarter. The firm’s revenue was up 15.7% on a year-over-year basis. On average, sell-side analysts forecast that Andersen Group Inc. will post 0.73 earnings per share for the current fiscal year.
Insider Activity
In other Andersen Group news, Director Robert V. Gunderson, Jr. bought 2,367 shares of Andersen Group stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $35.82 per share, for a total transaction of $84,785.94. Following the completion of the acquisition, the director directly owned 15,000 shares of the company’s stock, valued at approximately $537,300. This trade represents a 18.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Institutional Trading of Andersen Group
A number of hedge funds have recently modified their holdings of ANDG. Wells Fargo & Company MN purchased a new stake in shares of Andersen Group in the fourth quarter valued at $46,000. PNC Financial Services Group Inc. purchased a new stake in shares of Andersen Group in the fourth quarter valued at $215,000. Barclays PLC purchased a new stake in shares of Andersen Group in the fourth quarter valued at $218,000. Voloridge Investment Management LLC purchased a new stake in shares of Andersen Group in the fourth quarter valued at $259,000. Finally, XTX Topco Ltd purchased a new stake in shares of Andersen Group in the fourth quarter valued at $269,000.
About Andersen Group
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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