Andersen Group (NYSE:ANDG) Reaches New 1-Year High – Time to Buy?

Shares of Andersen Group Inc. (NYSE:ANDG) reached a new 52-week high during trading on Friday . The company traded as high as $44.56 and last traded at $44.0850, with a volume of 125843 shares traded. The stock had previously closed at $42.81.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ANDG shares. Robert W. Baird increased their price objective on shares of Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. UBS Group lifted their target price on shares of Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Wells Fargo & Company upped their price target on shares of Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Morgan Stanley increased their price target on shares of Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, Truist Financial raised their price objective on shares of Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Andersen Group presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Andersen Group Price Performance

The company has a market capitalization of $5.04 billion and a price-to-earnings ratio of 262.46. The company has a debt-to-equity ratio of 9.72, a quick ratio of 2.36 and a current ratio of 2.36. The business has a 50-day moving average of $38.04.

Andersen Group (NYSE:ANDG) last released its earnings results 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 firm had revenue of $240.75 million during the quarter. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities analysts expect that Andersen Group Inc. will post 0.73 EPS for the current fiscal year.

Insider Transactions at Andersen Group

In related news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $35.82 per share, with a total value of $84,785.94. Following the acquisition, the director owned 15,000 shares of the company’s stock, valued at $537,300. This trade represents a 18.74% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Durable Capital Partners Lp sold 336,736 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the completion of the sale, the insider owned 1,333,749 shares in the company, valued at $53,363,297.49. This represents a 20.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 13.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in Andersen Group in the 4th quarter valued at approximately $45,987,000. J. Goldman & Co LP acquired a new stake in Andersen Group in the fourth quarter valued at $30,079,000. Brown Advisory Inc. bought a new position in Andersen Group during the 4th quarter worth $29,365,000. Franklin Resources Inc. bought a new stake in shares of Andersen Group in the 4th quarter valued at about $25,864,000. Finally, Royce & Associates LP bought a new position in shares of Andersen Group during the fourth quarter worth about $19,948,000.

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.