Andersen Group (NYSE:ANDG) Stock Price Down 4.9% – What’s Next?

Andersen Group Inc. (NYSE:ANDG) shares were down 4.9% during trading on Monday . The company traded as low as $36.74 and last traded at $36.5150. Approximately 52,283 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 304,339 shares. The stock had previously closed at $38.38.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings upgraded Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. Morgan Stanley increased their target price on Andersen Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Truist Financial increased their target price on Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Wells Fargo & Company increased their target price on Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $41.00 target price on shares of Andersen Group in a research report on Wednesday, May 13th. One 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 stock. According to data from MarketBeat.com, Andersen Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Andersen Group Price Performance

The business’s fifty day moving average is $33.97.

Andersen Group (NYSE:ANDG) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share 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. Analysts forecast that Andersen Group Inc. will post 0.73 earnings per share for the current year.

Insider Activity

In related news, Director Robert V. Gunderson, Jr. acquired 2,367 shares of the stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $35.82 per share, with a total value of $84,785.94. Following the purchase, the director directly owned 15,000 shares of the company’s stock, valued at approximately $537,300. This trade represents a 18.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On Andersen Group

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

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.