Andersen Group (NYSE:ANDG) Shares Down 4.9% – What’s Next?

Shares of Andersen Group Inc. (NYSE:ANDG) traded down 4.9% during mid-day trading on Monday . The company traded as low as $36.74 and last traded at $36.5150. 52,283 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 304,339 shares. The stock had previously closed at $38.38.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $41.00 target price on shares of Andersen Group in a research note on Wednesday, May 13th. Truist Financial increased their price target on Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. UBS Group increased their price target on Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. 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, Robert W. Baird increased their price target on Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Andersen Group Stock Up 1.4%

The firm’s 50-day moving average price is $34.39.

Andersen Group (NYSE:ANDG) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 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 for the quarter was up 15.7% on a year-over-year basis. As a group, research analysts forecast that Andersen Group Inc. will post 0.73 EPS for the current year.

Insider Activity at Andersen Group

In other Andersen Group news, Director Robert V. Gunderson, Jr. bought 2,367 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost 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 approximately $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 hyperlink.

Institutional Investors Weigh In On Andersen Group

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its holdings in Andersen Group by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock worth $3,559,000 after buying an additional 1,267 shares during the last quarter. Wells Fargo & Company MN acquired a new stake in Andersen Group in the 4th quarter worth about $46,000. Bank of New York Mellon Corp boosted its holdings in Andersen Group by 47.0% in the 1st quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock worth $507,000 after buying an additional 5,962 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in Andersen Group in the 4th quarter worth about $215,000. Finally, Barclays PLC acquired a new stake in Andersen Group in the 4th quarter worth about $218,000.

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.