Andersen Group (NYSE:ANDG) Hits New 1-Year High – Here’s What Happened

Andersen Group Inc. (NYSE:ANDG)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $31.80 and last traded at $29.2810, with a volume of 400 shares trading hands. The stock had previously closed at $28.65.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial raised shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. William Blair raised shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Robert W. Baird lifted their price target on shares of Andersen Group from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Wells Fargo & Company raised shares of Andersen Group to a “hold” rating in a research note on Monday, January 12th. Finally, Zacks Research raised shares of Andersen Group to a “hold” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.67.

Andersen Group Trading Up 1.5%

The business’s 50 day simple moving average is $23.89.

Andersen Group (NYSE:ANDG) last released its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.15. The company had revenue of $170.35 million during the quarter, compared to analyst estimates of $152.64 million.

Institutional Investors Weigh In On Andersen Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP acquired a new stake in Andersen Group during the 4th quarter worth $1,264,000. Marshall Wace LLP acquired a new stake in Andersen Group during the 4th quarter worth $1,234,000. Polymer Capital Management US LLC acquired a new stake in Andersen Group during the 4th quarter worth $648,000. Corient Private Wealth LLC acquired a new stake in Andersen Group during the 4th quarter worth $357,000. Finally, XTX Topco Ltd acquired a new stake in Andersen Group during the 4th quarter worth $269,000.

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.