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

Shares of Andersen Group Inc. (NYSE:ANDG) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $39.00.

ANDG has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Weiss Ratings raised Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $41.00 target price on shares of Andersen Group in a research report on Wednesday, May 13th. Robert W. Baird increased their price target on shares of Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, UBS Group raised their price objective on shares of Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, May 14th.

Insider Transactions at Andersen Group

In other news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $35.82 per share, with a total value of $84,785.94. Following the purchase, the director directly owned 15,000 shares of the company’s stock, valued at $537,300. The trade was a 18.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Durable Capital Partners Lp sold 336,736 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $40.01, for a total value of $13,472,807.36. Following the completion of the sale, the insider owned 1,333,749 shares in the company, valued at approximately $53,363,297.49. This represents a 20.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 13.00% of the company’s stock.

Hedge Funds Weigh In On Andersen Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN acquired a new stake in Andersen Group in the fourth quarter valued at $46,000. PNC Financial Services Group Inc. acquired a new position in shares of Andersen Group during the 4th quarter worth $215,000. Barclays PLC purchased a new stake in shares of Andersen Group in the 4th quarter worth about $218,000. Voloridge Investment Management LLC purchased a new stake in shares of Andersen Group in the 4th quarter worth about $259,000. Finally, XTX Topco Ltd acquired a new stake in Andersen Group in the 4th quarter valued at about $269,000.

Andersen Group Stock Down 1.6%

Shares of NYSE:ANDG opened at $42.23 on Thursday. Andersen Group has a 52 week low of $18.12 and a 52 week high of $44.31. The firm has a 50-day moving average price of $37.74. The firm has a market capitalization of $4.77 billion and a P/E ratio of 248.44. The company has a debt-to-equity ratio of 9.72, a quick ratio of 2.36 and a current ratio of 2.36.

Andersen Group (NYSE:ANDG) last issued its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The firm had revenue of $240.75 million during the quarter. The business’s revenue was up 15.7% compared to the same quarter last year. Analysts expect that Andersen Group will post 0.73 EPS 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.