Robert Gunderson, Jr. Acquires 2,367 Shares of Andersen Group (NYSE:ANDG) Stock

Andersen Group Inc. (NYSE:ANDG) Director Robert Gunderson, Jr. purchased 2,367 shares of the stock in a transaction dated 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 acquisition, the director directly owned 15,000 shares in the company, valued at approximately $537,300. This trade represents a 18.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Andersen Group Trading Up 1.2%

NYSE ANDG opened at $38.59 on Friday. The company’s fifty day moving average price is $31.55. Andersen Group Inc. has a 1-year low of $18.12 and a 1-year high of $40.11.

Andersen Group (NYSE:ANDG) last announced its earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The company had revenue of $240.75 million during the quarter. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, analysts forecast that Andersen Group Inc. will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Andersen Group

A number of institutional investors have recently bought and sold shares of ANDG. Wells Fargo & Company MN purchased a new stake in Andersen Group in the 4th quarter worth $46,000. PNC Financial Services Group Inc. purchased a new stake in Andersen Group in the 4th quarter worth $215,000. Barclays PLC purchased a new stake in Andersen Group in the 4th quarter worth $218,000. Voloridge Investment Management LLC purchased a new stake in Andersen Group in the 4th quarter worth $259,000. Finally, XTX Topco Ltd purchased a new stake in Andersen Group in the 4th quarter worth $269,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ANDG. Weiss Ratings began coverage on Andersen Group in a report on Monday, April 6th. They issued a “sell (e)” rating on the stock. Robert W. Baird raised their target price on Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. UBS Group raised their target price on Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Truist Financial raised their target price on Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley raised their target price on Andersen Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Andersen Group presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

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.