Andersen Group (NYSE:ANDG) Shares Gap Down – Here’s What Happened

Andersen Group Inc. (NYSE:ANDG)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $50.00, but opened at $45.37. Andersen Group shares last traded at $46.0360, with a volume of 80,502 shares.

Key Andersen Group News

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

• Positive Sentiment: Analysts raised their targets: Robert W. Baird increased its target from $44 to $57 and upgraded the stock to “outperform,” while Truist raised its target from $42 to $55 and maintained a “buy” rating. Wells Fargo lifted its target from $38 to $49 but retained an “equal weight” rating. Benzinga analyst updates The Fly analyst updates
• Positive Sentiment: Record second-quarter revenue: Andersen Group reported revenue of $217.7 million and an adjusted loss of $0.09 per share, beating the consensus estimate for a $0.16 loss. The results indicate better-than-expected quarterly execution. Andersen Group delivers record second-quarter revenue
• Positive Sentiment: 2026 outlook reaffirmed: Management maintained its revenue forecast of $980 million to $1 billion and adjusted EBITDA margin guidance of 22% to 23%, supporting confidence in its full-year targets. Andersen reaffirms 2026 guidance
• Positive Sentiment: Expansion through acquisitions: Andersen announced plans to acquire Andersen Mexico and five additional U.S. firms, alongside two strategic acquisitions expanding its presence in the United Kingdom and United States. The deals could broaden its geographic reach and future revenue base. Andersen Group adds six firms
• Neutral Sentiment: Organic growth is a watch point: Management reaffirmed its targets while noting that inorganic revenue growth is slowing, which could make continued acquisitions more important to achieving the outlook. Andersen revenue and margin outlook
• Negative Sentiment: Valuation and leverage remain risks: Andersen Group trades at a very high earnings multiple, while its debt-to-equity ratio is elevated. These factors may encourage investors to lock in gains even after positive earnings and guidance news.

Analyst Upgrades and Downgrades

ANDG has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on Andersen Group from $38.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday. Truist Financial increased their target price on shares of Andersen Group from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $41.00 price target on shares of Andersen Group in a report on Wednesday, May 13th. UBS Group increased their price objective on Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, Morgan Stanley boosted their target price on Andersen Group from $27.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $49.67.

Andersen Group Stock Down 7.5%

The company has a market capitalization of $5.22 billion and a price-to-earnings ratio of 272.03. 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’s 50 day moving average is $41.47 and its 200 day moving average is $33.14.

Andersen Group (NYSE:ANDG) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. The company had revenue of $217.66 million for the quarter. Sell-side analysts anticipate that Andersen Group Inc. will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Andersen Group

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

Institutional Trading of Andersen Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in Andersen Group by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock valued at $3,559,000 after purchasing an additional 1,267 shares during the period. Wells Fargo & Company MN purchased a new stake in shares of Andersen Group in the fourth quarter worth about $46,000. Bank of New York Mellon Corp grew its holdings in Andersen Group by 47.0% during the first quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock worth $507,000 after acquiring an additional 5,962 shares during the period. PNC Financial Services Group Inc. purchased a new position in Andersen Group during the fourth quarter valued at approximately $215,000. Finally, Barclays PLC acquired a new position in Andersen Group in the fourth quarter valued at approximately $218,000.

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.