Andersen Group (NYSE:ANDG) Stock Price Up 7.7% – What’s Next?

Shares of Andersen Group Inc. (NYSE:ANDG) were up 7.7% during trading on Tuesday . The stock traded as high as $41.08 and last traded at $40.8320. Approximately 370,838 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 322,697 shares. The stock had previously closed at $37.91.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ANDG shares. Robert W. Baird boosted their price target on shares of Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Wells Fargo & Company raised their price objective on shares of Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Truist Financial boosted their target price on 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 target price on Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Morgan Stanley raised their price target on Andersen Group from $24.00 to $27.00 and gave the company 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Andersen Group Stock Up 6.3%

The stock has a fifty day simple moving average of $36.95. The stock has a market capitalization of $4.73 billion and a PE ratio of 246.35. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 9.72.

Andersen Group (NYSE:ANDG) last posted 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 business 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. As a group, research analysts forecast that Andersen Group Inc. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Andersen Group news, Director Robert V. Gunderson, Jr. bought 2,367 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $35.82 per share, for a total transaction of $84,785.94. Following the acquisition, the director owned 15,000 shares of the company’s stock, valued at $537,300. The trade was a 18.74% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 13.00% of the company’s stock.

Institutional Trading of Andersen Group

Several large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position in shares of Andersen Group by 1.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock worth $3,559,000 after purchasing an additional 1,267 shares during the last quarter. Wells Fargo & Company MN acquired a new stake in Andersen Group during the 4th quarter valued at $46,000. Bank of New York Mellon Corp increased its position in Andersen Group by 47.0% during the first quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock worth $507,000 after buying an additional 5,962 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in Andersen Group during the fourth quarter worth $215,000. Finally, Barclays PLC acquired a new position in shares of Andersen Group in the fourth quarter worth $218,000.

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.