Andersen Group (NYSE:ANDG) Director Robert Gunderson, Jr. Purchases 2,367 Shares

Andersen Group Inc. (NYSE:ANDG) Director Robert Gunderson, Jr. acquired 2,367 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of $35.82 per share, for a total transaction of $84,785.94. Following the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Andersen Group Stock Performance

Shares of NYSE ANDG opened at $38.59 on Friday. The company’s 50 day moving average price is $31.55. Andersen Group Inc. has a 52-week low of $18.12 and a 52-week high of $40.11.

Andersen Group (NYSE:ANDG) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $240.75 million during the quarter. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities research analysts predict that Andersen Group Inc. will post 0.23 EPS for the current fiscal year.

Institutional Trading of Andersen Group

A number of institutional investors and hedge funds have recently made changes to their positions in ANDG. Wells Fargo & Company MN bought a new position in Andersen Group during the fourth quarter valued at about $46,000. PNC Financial Services Group Inc. bought a new stake in Andersen Group in the fourth quarter worth about $215,000. Barclays PLC bought a new stake in Andersen Group in the fourth quarter worth about $218,000. Voloridge Investment Management LLC bought a new stake in Andersen Group in the fourth quarter worth about $259,000. Finally, XTX Topco Ltd bought a new stake in Andersen Group in the fourth quarter worth about $269,000.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group upped their price objective on Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings started coverage on Andersen Group in a research report on Monday, April 6th. They set a “sell (e)” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $41.00 price target on shares of Andersen Group in a research report on Wednesday, May 13th. Morgan Stanley increased their price target on Andersen Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company increased their price target on Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Andersen Group presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

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.