Andersen Group Inc. (NYSE:ANDG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Andersen Group Inc. (NYSE:ANDG) have received an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $39.00.

Several brokerages have recently commented on ANDG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $41.00 price objective on shares of Andersen Group in a research report on Wednesday, May 13th. Wells Fargo & Company boosted their target price on shares of Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Robert W. Baird increased their target price on shares of Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. UBS Group raised their price target 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. Finally, Morgan Stanley lifted their price target on shares of Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th.

Insider Activity

In related news, major shareholder Durable Capital Partners Lp sold 336,736 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $40.01, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert V. Gunderson, Jr. purchased 2,367 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $35.82 per share, for a total transaction of $84,785.94. Following the acquisition, the director owned 15,000 shares of the company’s stock, valued at approximately $537,300. This represents a 18.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 13.00% of the company’s stock.

Institutional Investors Weigh In On Andersen Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of Andersen Group by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock worth $3,559,000 after purchasing an additional 1,267 shares during the period. Wells Fargo & Company MN acquired a new stake in Andersen Group in the 4th quarter valued at $46,000. Bank of New York Mellon Corp grew its position 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 valued at $507,000 after purchasing an additional 5,962 shares during the period. PNC Financial Services Group Inc. bought a new stake in Andersen Group during the 4th quarter valued at $215,000. Finally, Barclays PLC bought a new stake in Andersen Group during the 4th quarter valued at $218,000.

Andersen Group Price Performance

Shares of Andersen Group stock opened at $47.47 on Monday. The company’s 50-day simple moving average is $39.67. Andersen Group has a one year low of $18.12 and a one year high of $48.32. The company has a market cap of $5.36 billion and a price-to-earnings ratio of 279.24. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 9.72.

Andersen Group (NYSE:ANDG) last issued its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The business had revenue of $240.75 million during the quarter. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. On average, sell-side analysts expect that Andersen Group will post 0.73 EPS for the current fiscal year.

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.