Andersen Group Inc. (NYSE:ANDG) Given Consensus Rating of “Moderate Buy” by Brokerages

Andersen Group Inc. (NYSE:ANDG) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $39.00.

Several brokerages have commented on ANDG. Truist Financial upped their target price on shares of Andersen Group from $32.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings raised shares of Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. UBS Group upped their target price 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $41.00 target price on shares of Andersen Group in a research note on Wednesday, May 13th. Finally, Robert W. Baird upped their target price on shares of Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th.

Andersen Group Stock Up 7.1%

Shares of NYSE:ANDG opened at $37.50 on Friday. Andersen Group has a 52 week low of $18.12 and a 52 week high of $40.23. The firm has a 50 day moving average price of $34.94.

Andersen Group (NYSE:ANDG) last issued 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 business had revenue of $240.75 million for the quarter. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, research analysts anticipate that Andersen Group will post 0.73 EPS for the current year.

Insider Buying and Selling at Andersen Group

In related news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of Andersen Group stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $35.82 per share, for a total transaction of $84,785.94. Following the completion of the acquisition, the director directly owned 15,000 shares of the company’s stock, valued at $537,300. This represents a 18.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN acquired a new position in shares of Andersen Group in the fourth quarter valued at approximately $46,000. PNC Financial Services Group Inc. acquired a new position in shares of Andersen Group in the fourth quarter valued at approximately $215,000. Barclays PLC acquired a new position in shares of Andersen Group in the fourth quarter valued at approximately $218,000. Voloridge Investment Management LLC acquired a new position in shares of Andersen Group in the fourth quarter valued at approximately $259,000. Finally, XTX Topco Ltd acquired a new position in shares of Andersen Group in the fourth quarter valued at approximately $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.