Andersen Group (NYSE:ANDG) Shares Gap Down – Should You Sell?

Shares of Andersen Group Inc. (NYSE:ANDG) gapped down before the market opened on Friday . The stock had previously closed at $22.40, but opened at $21.49. Andersen Group shares last traded at $21.50, with a volume of 1,419 shares.

Analysts Set New Price Targets

ANDG has been the subject of a number of research reports. UBS Group upgraded Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Truist Financial raised Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Robert W. Baird raised shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Zacks Research upgraded shares of Andersen Group to a “hold” rating in a report on Tuesday, January 13th. Finally, William Blair upgraded shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Andersen Group Price Performance

Institutional Trading of Andersen Group

Several large investors have recently made changes to their positions in ANDG. Wells Fargo & Company MN purchased a new stake in shares of Andersen Group in the fourth quarter worth approximately $46,000. PNC Financial Services Group Inc. purchased a new position in Andersen Group in the fourth quarter valued at approximately $215,000. Barclays PLC purchased a new stake in Andersen Group in the 4th quarter worth about $218,000. Voloridge Investment Management LLC purchased a new stake in shares of Andersen Group during the 4th quarter valued at approximately $259,000. Finally, XTX Topco Ltd purchased a new position in shares of Andersen Group in the fourth quarter valued at $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.