Andersen Group (NYSE:ANDG) Shares Up 7.7% – Should You Buy?

Andersen Group Inc. (NYSE:ANDG)’s share price rose 7.7% on Tuesday . The company traded as high as $41.08 and last traded at $40.8320. 370,838 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 322,697 shares. The stock had previously closed at $37.91.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Robert W. Baird boosted their price objective on Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Truist Financial lifted their price target on Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Morgan Stanley boosted their price target 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. Wells Fargo & Company raised their price objective on Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $41.00 target price on shares of Andersen Group in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Andersen Group has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Andersen Group Trading Up 8.0%

The company has a market cap of $4.63 billion and a price-to-earnings ratio of 241.16. The company has a fifty day moving average of $36.76. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 9.72.

Andersen Group (NYSE:ANDG) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The company had revenue of $240.75 million during the quarter. The business’s revenue was up 15.7% on a year-over-year basis. As a group, equities research analysts expect that Andersen Group Inc. will post 0.73 earnings per share for the current year.

Insider Activity at Andersen Group

In other news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of the stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $35.82 per share, with a total value of $84,785.94. Following the transaction, the director owned 15,000 shares in the company, valued at $537,300. The trade was a 18.74% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Andersen Group

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN acquired a new position in Andersen Group in the 4th quarter valued at about $46,000. PNC Financial Services Group Inc. purchased a new stake in shares of Andersen Group during the 4th quarter valued at approximately $215,000. Barclays PLC purchased a new stake in shares of Andersen Group during the 4th quarter valued at approximately $218,000. Voloridge Investment Management LLC acquired a new position in Andersen Group in the fourth quarter valued at approximately $259,000. Finally, XTX Topco Ltd purchased a new position in Andersen Group in the fourth quarter worth 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.