Andersen Group Inc. (NYSE:ANDG – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $45.23 and last traded at $44.8250, with a volume of 154032 shares changing hands. The stock had previously closed at $42.82.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Andersen Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Wells Fargo & Company increased their target price on Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Robert W. Baird raised their target price on Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. UBS Group lifted their price target 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, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $41.00 price objective on shares of Andersen Group in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.
Get Our Latest Stock Analysis on ANDG
Andersen Group Stock Performance
Andersen Group (NYSE:ANDG – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $240.75 million during the quarter. Andersen Group’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities research analysts forecast that Andersen Group Inc. will post 0.73 EPS for the current fiscal year.
Insider Buying and Selling at Andersen Group
In other Andersen Group news, major shareholder Durable Capital Partners Lp sold 336,736 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $40.01, for a total value of $13,472,807.36. Following the transaction, the insider directly owned 1,333,749 shares of the company’s stock, valued at approximately $53,363,297.49. This trade represents a 20.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert V. Gunderson, Jr. acquired 2,367 shares of Andersen Group stock in a transaction that occurred 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 purchase, the director directly owned 15,000 shares in the company, valued at $537,300. The trade was a 18.74% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 13.00% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN bought a new stake in Andersen Group in the 4th quarter valued at approximately $46,000. PNC Financial Services Group Inc. bought a new position in shares of Andersen Group during the 4th quarter worth approximately $215,000. Barclays PLC acquired a new stake in shares of Andersen Group in the fourth quarter valued at approximately $218,000. Voloridge Investment Management LLC bought a new stake in shares of Andersen Group in the fourth quarter worth $259,000. Finally, XTX Topco Ltd acquired a new position in Andersen Group during the fourth quarter worth $269,000.
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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