Andersen Group (NYSE:ANDG) Trading 7.9% Higher – Should You Buy?

Andersen Group Inc. (NYSE:ANDG)’s share price rose 7.9% on Friday . The company traded as high as $21.29 and last traded at $20.80. Approximately 94,184 shares traded hands during trading, a decline of 74% from the average daily volume of 359,534 shares. The stock had previously closed at $19.27.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. William Blair raised shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Truist Financial upgraded Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Robert W. Baird upgraded Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. UBS Group raised Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Finally, Wells Fargo & Company raised Andersen Group to a “hold” rating in a report on Monday, January 12th. Four analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Andersen Group Trading Up 7.8%

Institutional Investors Weigh In On Andersen Group

A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN purchased a new stake in shares of Andersen Group in the 4th quarter valued at $46,000. PNC Financial Services Group Inc. purchased a new stake in Andersen Group during the fourth quarter valued at about $215,000. Marshall Wace LLP bought a new position in shares of Andersen Group during the fourth quarter valued at about $1,234,000. Hudson Bay Capital Management LP bought a new position in shares of Andersen Group during the fourth quarter valued at about $1,264,000. Finally, Soros Fund Management LLC purchased a new position in shares of Andersen Group in the fourth quarter worth about $1,623,000.

About Andersen Group

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.