Andersen Group (NYSE:ANDG) Reaches New 12-Month High – Time to Buy?

Shares of Andersen Group Inc. (NYSE:ANDG) reached a new 52-week high during trading on Monday . The stock traded as high as $37.07 and last traded at $36.6750, with a volume of 13987 shares changing hands. The stock had previously closed at $36.51.

Analyst Ratings Changes

ANDG has been the subject of several research reports. Robert W. Baird upped their price target on shares of Andersen Group from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Truist Financial upgraded shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Weiss Ratings began coverage on shares of Andersen Group in a research note on Monday, April 6th. They issued a “sell (e)” rating on the stock. Zacks Research raised shares of Andersen Group to a “hold” rating in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company upgraded shares of Andersen Group to a “hold” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Andersen Group Trading Down 0.1%

The stock’s fifty day moving average is $28.74.

Andersen Group (NYSE:ANDG) last posted its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.15. The business had revenue of $170.35 million during the quarter, compared to analysts’ expectations of $152.64 million. As a group, analysts forecast that Andersen Group Inc. will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of Andersen Group

A number of hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of Andersen Group during the fourth quarter worth approximately $4,278,000. XTX Topco Ltd acquired a new stake in shares of Andersen Group during the fourth quarter worth approximately $269,000. Voloridge Investment Management LLC bought a new stake in Andersen Group during the fourth quarter valued at $259,000. Barclays PLC bought a new stake in Andersen Group during the fourth quarter valued at $218,000. Finally, Wells Fargo & Company MN bought a new stake in Andersen Group during the fourth quarter valued at $46,000.

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.