Andersen Group (NYSE:ANDG) Director Robert Gunderson Jr Buys 2,367 Shares

Andersen Group Inc. (NYSE:ANDG) Director Robert Gunderson, Jr. purchased 2,367 shares of Andersen Group stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $35.82 per share, with a total value of $84,785.94. Following the completion of the transaction, the director owned 15,000 shares of the company’s stock, valued at $537,300. This represents a 18.74% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Andersen Group Stock Performance

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 52 week low of $18.12 and a 52 week high of $40.11. The company has a fifty day moving average of $31.24.

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

Institutional Investors Weigh In On Andersen Group

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in Andersen Group during the fourth quarter worth approximately $45,987,000. J. Goldman & Co LP bought a new stake in Andersen Group during the fourth quarter worth approximately $30,079,000. Brown Advisory Inc. bought a new stake in Andersen Group during the fourth quarter worth approximately $29,365,000. Franklin Resources Inc. bought a new stake in Andersen Group during the fourth quarter worth approximately $25,864,000. Finally, Royce & Associates LP bought a new stake in Andersen Group during the fourth quarter worth approximately $19,948,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Truist Financial upped their target price on Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $41.00 target price on shares of Andersen Group in a research note on Wednesday, May 13th. Weiss Ratings assumed coverage on Andersen Group in a report on Monday, April 6th. They set a “sell (e)” rating on the stock. UBS Group raised their target price on Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Robert W. Baird raised their target price on Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

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.