Andersen Group (NYSE:ANDG) Reaches New 12-Month High – What’s Next?

Andersen Group Inc. (NYSE:ANDG) hit a new 52-week high during trading on Monday . The company traded as high as $34.75 and last traded at $33.43, with a volume of 338266 shares changing hands. The stock had previously closed at $33.52.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ANDG shares. Zacks Research upgraded shares of Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. UBS Group increased their target price on shares of Andersen Group from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Truist Financial upgraded shares of Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. William Blair upgraded shares of Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Wells Fargo & Company upgraded shares of Andersen Group to a “hold” rating in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Andersen Group Stock Performance

The company’s 50-day moving average price is $25.33.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN acquired a new position in shares of Andersen Group in the fourth quarter valued at approximately $46,000. PNC Financial Services Group Inc. acquired a new position in shares of Andersen Group in the fourth quarter valued at approximately $215,000. Barclays PLC acquired a new position in shares of Andersen Group in the fourth quarter valued at approximately $218,000. Voloridge Investment Management LLC acquired a new position in shares of Andersen Group in the fourth quarter valued at approximately $259,000. Finally, XTX Topco Ltd acquired a new position in shares of Andersen Group in the fourth quarter valued at approximately $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.