Andersen Group (NYSE:ANDG) Hits New 12-Month High on Analyst Upgrade

Andersen Group Inc. (NYSE:ANDG)’s stock price hit a new 52-week high during mid-day trading on Monday after Robert W. Baird raised their price target on the stock from $57.00 to $64.00. Robert W. Baird currently has an outperform rating on the stock. Andersen Group traded as high as $57.13 and last traded at $56.0050, with a volume of 310779 shares traded. The stock had previously closed at $55.72.

Several other research analysts have also commented on the stock. Truist Financial raised their price objective on shares of Andersen Group from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. UBS Group raised their price target on shares of Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings restated a “sell (e+)” rating on shares of Andersen Group in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $56.00 price objective on shares of Andersen Group in a research report on Friday, August 14th. Finally, Wells Fargo & Company increased their price objective on Andersen Group from $38.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Andersen Group has an average rating of “Moderate Buy” and an average price target of $53.33.

Insider Activity

In related news, major shareholder Durable Capital Partners Lp sold 336,736 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the completion of the transaction, the insider owned 1,333,749 shares in the company, valued at approximately $53,363,297.49. The trade was a 20.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 13.00% of the company’s stock.

Hedge Funds Weigh In On Andersen Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANDG. Wells Fargo & Company MN acquired a new position in shares of Andersen Group during the 4th quarter worth $46,000. PNC Financial Services Group Inc. acquired a new stake in shares of Andersen Group in the fourth quarter worth $215,000. Barclays PLC acquired a new position in Andersen Group during the 4th quarter worth approximately $218,000. Voloridge Investment Management LLC acquired a new stake in Andersen Group during the 4th quarter valued at $259,000. Finally, XTX Topco Ltd acquired a new stake in Andersen Group during the 4th quarter valued at approximately $269,000.

Andersen Group Stock Up 0.2%

The company has a debt-to-equity ratio of 7.82, a current ratio of 2.19 and a quick ratio of 2.19. The firm’s fifty day moving average is $44.59 and its 200-day moving average is $35.54. The stock has a market capitalization of $6.31 billion and a price-to-earnings ratio of -105.67.

Andersen Group (NYSE:ANDG) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07. The firm had revenue of $217.66 million for the quarter. On average, sell-side analysts predict that Andersen Group Inc. will post 0.73 earnings per share for the current year.

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.