Andersen Group Inc.’s (NYSE:ANDG) Quiet Period Will Expire on January 26th

Andersen Group’s (NYSE:ANDG) quiet period will expire on Monday, January 26th. Andersen Group had issued 11,000,000 shares in its IPO on December 17th. The total size of the offering was $176,000,000 based on an initial share price of $16.00. During Andersen Group’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ANDG. Zacks Research raised Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. Baird R W upgraded Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. William Blair raised shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Wells Fargo & Company upgraded shares of Andersen Group to a “hold” rating in a report on Monday, January 12th. Finally, Truist Financial upgraded shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Four investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Andersen Group Trading Down 5.1%

Shares of NYSE:ANDG opened at $22.16 on Wednesday. Andersen Group has a 52-week low of $20.00 and a 52-week high of $27.51.

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.