Andersen Group (NYSE:ANDG) Reaches New 12-Month High – Here’s What Happened

Andersen Group Inc. (NYSE:ANDG) shares hit a new 52-week high on Friday . The stock traded as high as $40.23 and last traded at $39.3710, with a volume of 73862 shares changing hands. The stock had previously closed at $40.06.

Analyst Ratings Changes

ANDG has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $41.00 price objective on shares of Andersen Group in a research report on Wednesday, May 13th. Robert W. Baird upped their price objective on shares of Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Morgan Stanley upped their price objective on shares of Andersen Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Truist Financial upped their price objective on shares of Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Andersen Group Stock Performance

The stock’s 50-day moving average is $33.97.

Andersen Group (NYSE:ANDG) last issued its quarterly 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 business had revenue of $240.75 million for the quarter. The business’s quarterly revenue was up 15.7% on a year-over-year basis. Equities analysts expect that Andersen Group Inc. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Andersen Group

In related news, Director Robert V. Gunderson, Jr. acquired 2,367 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $35.82 per share, with a total value of $84,785.94. Following the completion of the purchase, the director owned 15,000 shares in the company, valued at $537,300. This trade represents a 18.74% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of Andersen Group

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Andersen Group by 512.0% during the first quarter. Bank of America Corp DE now owns 12,852 shares of the company’s stock valued at $350,000 after purchasing an additional 10,752 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Andersen Group during the first quarter valued at approximately $1,686,000. Sei Investments Co. boosted its stake in shares of Andersen Group by 96.3% during the first quarter. Sei Investments Co. now owns 121,649 shares of the company’s stock valued at $3,309,000 after purchasing an additional 59,693 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Andersen Group by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock valued at $3,559,000 after purchasing an additional 1,267 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $507,000 after purchasing an additional 5,962 shares during the period.

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.