Andersen Group Inc. (NYSE:ANDG) Receives $39.00 Average PT from Analysts

Andersen Group Inc. (NYSE:ANDG) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $39.00.

ANDG has been the subject 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 report on Thursday, May 14th. 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 report on Wednesday, May 13th. Truist Financial upped their price target on shares of Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $41.00 price objective on shares of Andersen Group in a report on Wednesday, May 13th. Finally, Weiss Ratings raised Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st.

Andersen Group Stock Performance

ANDG opened at $49.34 on Monday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 9.72. The business’s 50 day moving average is $40.77 and its 200-day moving average is $32.58. The stock has a market cap of $5.57 billion and a PE ratio of 290.23. Andersen Group has a twelve month low of $18.12 and a twelve month high of $50.48.

Andersen Group (NYSE:ANDG) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The company had revenue of $240.75 million during the quarter. Andersen Group’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, analysts predict that Andersen Group will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robert V. Gunderson, Jr. bought 2,367 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $35.82 per share, with a total value 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. The trade was a 18.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Durable Capital Partners Lp sold 336,736 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 1,333,749 shares of the company’s stock, valued at $53,363,297.49. The trade was a 20.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 13.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN acquired a new position in shares of Andersen Group in the 4th quarter valued at $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 stake in Andersen Group during the 4th quarter worth about $218,000. Voloridge Investment Management LLC purchased a new position in Andersen Group during the fourth quarter valued at approximately $259,000. Finally, XTX Topco Ltd purchased a new position in Andersen Group in the fourth quarter valued at about $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.