Andersen Group Inc.’s (NYSE:ANDG) Quiet Period Set To Expire Tomorrow

Andersen Group’s (NYSE:ANDG) quiet period is set to expire on Monday, January 26th. Andersen Group had issued 11,000,000 shares in its public offering on December 17th. The total size of the offering was $176,000,000 based on an initial share price of $16.00. During Andersen Group’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

ANDG has been the subject of several research reports. Truist Financial upgraded shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. UBS Group upgraded Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Zacks Research upgraded Andersen Group to a “hold” rating in a report on Tuesday, January 13th. Robert W. Baird raised Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Finally, William Blair raised Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Four analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Andersen Group Trading Up 1.2%

Shares of ANDG stock opened at $23.27 on Friday. Andersen Group has a 1-year low of $20.00 and a 1-year high of $27.51.

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.