Andersen Group (NYSE:ANDG) Sets New 1-Year High on Strong Earnings

Andersen Group Inc. (NYSE:ANDG) reached a new 52-week high on Wednesday following a better than expected earnings announcement. The company traded as high as $50.76 and last traded at $50.48, with a volume of 312760 shares. The stock had previously closed at $48.47.

The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The firm had revenue of $217.66 million for the quarter.

Andersen Group News Roundup

Here are the key news stories impacting Andersen Group this week:

• Positive Sentiment: Strong Q2 performance: Andersen reported record second-quarter revenue of $217.66 million and an adjusted loss of $0.09 per share, $0.07 better than analysts’ expected loss of $0.16. The earnings beat supports investor confidence in the company’s execution. Andersen Group quarterly earnings report
• Positive Sentiment: Full-year outlook reaffirmed: Management maintained its 2026 revenue forecast of $980 million to $1 billion and adjusted EBITDA margin target of 22% to 23%, providing continued visibility despite slower inorganic revenue growth. Andersen reaffirms 2026 guidance
• Positive Sentiment: Analyst targets increased: Robert W. Baird raised its price target from $44 to $57 and kept an “outperform” rating, while Truist lifted its target from $42 to $55 and maintained a “buy” rating. The upgrades suggest analysts see further upside after the earnings release. Analyst price-target changes The Fly analyst coverage
• Neutral Sentiment: Mixed analyst signal: Wells Fargo raised its target from $38 to $49 but retained an “equal weight” rating, indicating that the firm views the shares as broadly fairly valued at current levels. Wells Fargo Andersen Group coverage

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. Morgan Stanley raised their target price on shares of Andersen Group from $27.00 to $54.00 and gave the stock an “equal weight” rating in a report on Thursday. UBS Group upped their price target on shares of Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Robert W. Baird boosted their price objective on Andersen Group from $44.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Wells Fargo & Company raised their target price on Andersen Group from $38.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Andersen Group presently has an average rating of “Moderate Buy” and an average price target of $52.17.

Insider Transactions at Andersen Group

In related news, major shareholder Durable Capital Partners Lp sold 336,736 shares of Andersen Group stock in a transaction dated 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 transaction, the insider owned 1,333,749 shares in the company, valued at $53,363,297.49. The trade was a 20.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert V. Gunderson, Jr. purchased 2,367 shares of the stock in a transaction on Wednesday, May 20th. The shares were acquired at an average price of $35.82 per share, for a total transaction of $84,785.94. Following the transaction, the director directly owned 15,000 shares of the company’s stock, valued at $537,300. This represents a 18.74% increase in their position. The SEC filing for this purchase provides additional information. 13.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Andersen Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas acquired a new position in shares of Andersen Group during the 4th quarter worth about $4,278,000. PNC Financial Services Group Inc. acquired a new stake in Andersen Group in the 4th quarter worth about $215,000. Royce & Associates LP purchased a new stake in Andersen Group during the 4th quarter worth approximately $19,948,000. Seven Grand Managers LLC acquired a new position in shares of Andersen Group during the fourth quarter valued at approximately $12,965,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Andersen Group during the fourth quarter valued at approximately $10,420,000.

Andersen Group Stock Performance

The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 9.72. The firm has a 50-day moving average price of $41.64 and a two-hundred day moving average price of $33.32. The firm has a market cap of $5.50 billion and a PE ratio of 286.73.

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.