Andersen Group (NYSE:ANDG) Director Acquires $84,785.94 in Stock

Andersen Group Inc. (NYSE:ANDG) Director Robert Gunderson, Jr. acquired 2,367 shares of Andersen Group stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of $35.82 per share, for a total transaction of $84,785.94. Following the completion of the purchase, the director directly owned 15,000 shares of the company’s stock, valued at $537,300. The trade was a 18.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andersen Group Price Performance

Shares of NYSE:ANDG traded up $0.46 during trading hours on Friday, hitting $38.59. 188,488 shares of the company’s stock traded hands, compared to its average volume of 310,923. Andersen Group Inc. has a 1 year low of $18.12 and a 1 year high of $40.11. The firm has a fifty day simple moving average of $31.24.

Andersen Group (NYSE:ANDG) last announced its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $240.75 million during the quarter. The business’s revenue was up 15.7% on a year-over-year basis. Equities research analysts expect that Andersen Group Inc. will post 0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ANDG. Robert W. Baird raised their price target on shares of Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Wells Fargo & Company raised their target price on Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Truist Financial increased their price target on Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $41.00 price target on shares of Andersen Group in a research report on Wednesday, May 13th. Finally, Weiss Ratings began coverage on Andersen Group in a research report on Monday, April 6th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Institutional Trading of Andersen Group

Several institutional investors have recently added to or reduced their stakes in ANDG. JPMorgan Chase & Co. acquired a new stake in Andersen Group in the 4th quarter valued at approximately $45,987,000. J. Goldman & Co LP acquired a new position in shares of Andersen Group in the fourth quarter worth $30,079,000. Brown Advisory Inc. acquired a new position in shares of Andersen Group in the fourth quarter worth $29,365,000. Franklin Resources Inc. acquired a new position in shares of Andersen Group in the fourth quarter worth $25,864,000. Finally, Royce & Associates LP purchased a new stake in shares of Andersen Group during the 4th quarter worth $19,948,000.

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.