Andersen Group Inc.’s (NYSE:ANDG) Quiet Period Will Expire on January 26th

Andersen Group’s (NYSE:ANDG) quiet period is set to end on Monday, January 26th. Andersen Group had issued 11,000,000 shares in its IPO on December 17th. The total size of the offering was $176,000,000 based on an initial share price of $16.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

ANDG has been the subject of a number of recent research reports. Wells Fargo & Company upgraded Andersen Group to a “hold” rating in a research note on Monday, January 12th. Baird R W raised shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. William Blair upgraded shares of Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. UBS Group raised shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Truist Financial upgraded shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Four research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Andersen Group Stock Performance

Shares of ANDG opened at $23.21 on Monday. Andersen Group has a 12-month low of $20.00 and a 12-month high of $27.51.

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.