Andersen Group (NYSE:ANDG) Price Target Raised to $64.00

Andersen Group (NYSE:ANDG) had its price objective boosted by Robert W. Baird from $57.00 to $64.00 in a research note released on Monday morning, MarketBeat reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other research analysts have also recently weighed in on ANDG. UBS Group lifted their price objective on Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $56.00 target price on shares of Andersen Group in a report on Friday, August 14th. Truist Financial lifted their price target on shares of Andersen Group from $42.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Andersen Group in a research report on Thursday, August 27th. Finally, Morgan Stanley raised their price objective on shares of Andersen Group from $27.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.33.

Andersen Group Trading Up 0.9%

Shares of ANDG stock opened at $56.22 on Monday. The company has a debt-to-equity ratio of 7.82, a current ratio of 2.19 and a quick ratio of 2.19. The company has a market cap of $6.35 billion and a price-to-earnings ratio of -106.08. Andersen Group has a 1 year low of $18.12 and a 1 year high of $57.31. The firm has a fifty day moving average price of $45.75 and a 200-day moving average price of $36.31.

Andersen Group (NYSE:ANDG) last released its earnings results on Wednesday, August 12th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.07. The company had revenue of $217.66 million for the quarter. As a group, equities analysts predict that Andersen Group will post 0.73 earnings per share for the current year.

Insider Activity

In related news, major shareholder Durable Capital Partners Lp sold 336,736 shares of Andersen Group stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the completion of the sale, the insider owned 1,333,749 shares of the company’s stock, valued at $53,363,297.49. The trade was a 20.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 13.00% of the company’s stock.

Hedge Funds Weigh In On Andersen Group

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Andersen Group in the 1st quarter worth about $1,686,000. Sei Investments Co. raised its position in shares of Andersen Group by 96.3% in the first quarter. Sei Investments Co. now owns 121,649 shares of the company’s stock valued at $3,309,000 after buying an additional 59,693 shares during the last quarter. Seven Grand Managers LLC purchased a new position in Andersen Group in the 4th quarter worth approximately $12,965,000. Royce & Associates LP acquired a new position in Andersen Group during the fourth quarter worth $19,948,000. Finally, Telemark Asset Management LLC acquired a new position in Andersen Group in the 4th quarter valued at about $2,593,000.

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.