Andersen Group (NYSE:ANDG) Shares Up 8% – Should You Buy?

Andersen Group Inc. (NYSE:ANDG) shares rose 8% during mid-day trading on Wednesday . The company traded as high as $33.40 and last traded at $33.7440. Approximately 177,955 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 336,158 shares. The stock had previously closed at $31.25.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ANDG shares. Wells Fargo & Company raised shares of Andersen Group to a “hold” rating in a research report on Monday, January 12th. Zacks Research raised Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. UBS Group upped their price objective on Andersen Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird raised their price target on Andersen Group from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Finally, Truist Financial raised shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.33.

Andersen Group Trading Up 6.7%

The company has a 50 day moving average price of $24.59.

Andersen Group (NYSE:ANDG) last posted its earnings results on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.15. The firm had revenue of $170.35 million for the quarter, compared to analysts’ expectations of $152.64 million.

Institutional Investors Weigh In On Andersen Group

Several hedge funds have recently modified their holdings of ANDG. Corient Private Wealth LLC purchased a new stake in shares of Andersen Group during the 4th quarter worth about $357,000. XTX Topco Ltd purchased a new stake in shares of Andersen Group during the fourth quarter worth about $269,000. Voloridge Investment Management LLC acquired a new stake in shares of Andersen Group in the 4th quarter valued at about $259,000. Tudor Investment Corp ET AL bought a new position in shares of Andersen Group in the 4th quarter worth about $3,748,000. Finally, Polymer Capital Management US LLC acquired a new position in shares of Andersen Group during the fourth quarter valued at $648,000.

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.