Andersen Group (NYSE:ANDG) Stock Price Up 8% – Still a Buy?

Shares of Andersen Group Inc. (NYSE:ANDG) were up 8% during mid-day trading on Wednesday . The company traded as high as $33.40 and last traded at $33.7440. Approximately 177,955 shares changed hands during trading, a decline of 47% from the average daily volume of 336,158 shares. The stock had previously closed at $31.25.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ANDG shares. Robert W. Baird increased their price objective on shares of Andersen Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. Truist Financial upgraded shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Weiss Ratings initiated coverage on shares of Andersen Group in a research note on Monday, April 6th. They issued a “sell (e)” rating on the stock. Morgan Stanley lifted their price objective on shares of Andersen Group from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Finally, UBS Group upped their target price on shares of Andersen Group from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

Andersen Group Stock Performance

The company’s fifty day moving average price is $25.09.

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

Institutional Trading of Andersen Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC purchased a new position in shares of Andersen Group in the 4th quarter worth about $357,000. XTX Topco Ltd bought a new stake in Andersen Group in the fourth quarter worth about $269,000. Voloridge Investment Management LLC purchased a new position in Andersen Group in the fourth quarter valued at about $259,000. Tudor Investment Corp ET AL bought a new position in shares of Andersen Group during the 4th quarter valued at approximately $3,748,000. Finally, Polymer Capital Management US LLC bought a new position in shares of Andersen Group during the 4th quarter valued at approximately $648,000.

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.