Andersen Group (NYSE:ANDG) Price Target Raised to $49.00 at Wells Fargo & Company

Andersen Group (NYSE:ANDG) had its price target increased by investment analysts at Wells Fargo & Company from $38.00 to $49.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 7.33% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Truist Financial boosted their price target on shares of Andersen Group from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird raised their price objective on shares of Andersen Group from $44.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley lifted their price objective on Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Weiss Ratings raised Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $41.00 price target on shares of Andersen Group in a report on Wednesday, May 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.17.

Andersen Group Stock Performance

NYSE:ANDG opened at $45.65 on Thursday. The firm’s fifty day moving average price is $41.47 and its 200 day moving average price is $33.14. Andersen Group has a 1-year low of $18.12 and a 1-year high of $50.76. The company has a debt-to-equity ratio of 9.72, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market cap of $5.16 billion and a price-to-earnings ratio of 268.62.

Andersen Group (NYSE:ANDG) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07. The firm had revenue of $217.66 million during the quarter. On average, sell-side analysts expect that Andersen Group will post 0.73 EPS for the current year.

Insider Activity at Andersen Group

In related news, major shareholder Durable Capital Partners Lp sold 336,736 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $40.01, for a total value of $13,472,807.36. Following the completion of the transaction, the insider directly owned 1,333,749 shares of the company’s stock, valued at $53,363,297.49. This trade represents a 20.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert V. Gunderson, Jr. acquired 2,367 shares of Andersen Group stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $35.82 per share, with a total value of $84,785.94. Following the completion of the acquisition, the director owned 15,000 shares of the company’s stock, valued at $537,300. The trade was a 18.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 13.00% of the company’s stock.

Hedge Funds Weigh In On Andersen Group

Several hedge funds have recently added to or reduced their stakes in ANDG. Wells Fargo & Company MN purchased a new stake in shares of Andersen Group in the fourth quarter valued at about $46,000. PNC Financial Services Group Inc. acquired a new position in shares of Andersen Group during the 4th quarter worth approximately $215,000. Barclays PLC purchased a new stake in Andersen Group in the 4th quarter valued at approximately $218,000. Voloridge Investment Management LLC acquired a new stake in Andersen Group during the 4th quarter valued at $259,000. Finally, XTX Topco Ltd acquired a new stake in Andersen Group during the 4th quarter valued at $269,000.

Key Headlines Impacting Andersen Group

Here are the key news stories impacting Andersen Group this week:

• Positive Sentiment: Strong Q2 performance: Andersen reported record second-quarter revenue of $217.66 million and an adjusted loss of $0.09 per share, beating the consensus estimate of a $0.16 loss by $0.07. Andersen Group Q2 earnings report
• Positive Sentiment: Guidance reaffirmed: Management maintained its 2026 revenue outlook of $980 million to $1 billion and adjusted EBITDA margin target of 22% to 23%, signaling confidence in profitability and demand despite a slowdown in inorganic revenue growth. Andersen reaffirms 2026 guidance
• Positive Sentiment: Analyst upgrades: Robert W. Baird raised its price target from $44 to $57 and assigned an “outperform” rating. Truist Financial raised its target from $42 to $55 and rated the shares “buy,” providing additional support for the stock’s bullish outlook. Benzinga analyst price-target updates
• Positive Sentiment: Expansion through acquisitions: Andersen is adding six firms across Mexico and the United States, along with two strategic acquisitions in the U.K. and U.S., expanding its geographic reach and future revenue base. Andersen Group acquisition announcement
• Neutral Sentiment: Valuation remains demanding: ANDG has a price-to-earnings ratio of roughly 295 and trades close to its 52-week high, leaving the shares sensitive to any earnings or growth disappointment.

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.