Andersen Group (NYSE:ANDG) Stock Price Down 4.9% – What’s Next?

Shares of Andersen Group Inc. (NYSE:ANDG) traded down 4.9% during mid-day trading on Monday . The company traded as low as $36.74 and last traded at $36.5150. 52,283 shares traded hands during trading, a decline of 83% from the average session volume of 304,339 shares. The stock had previously closed at $38.38.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group raised their price target on Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Robert W. Baird raised their price target on Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Wells Fargo & Company raised their price target on Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Truist Financial raised their price target on Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. 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 given a Sell rating to the company. According to MarketBeat.com, Andersen Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Andersen Group Stock Down 5.5%

The stock has a fifty day simple moving average of $33.97.

Andersen Group (NYSE:ANDG) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $240.75 million during the quarter. The company’s revenue was up 15.7% on a year-over-year basis. On average, analysts forecast that Andersen Group Inc. will post 0.73 EPS for the current year.

Insider Activity at Andersen Group

In related news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of Andersen Group stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average cost of $35.82 per share, with a total value of $84,785.94. Following the transaction, the director owned 15,000 shares in the company, valued at approximately $537,300. The trade was a 18.74% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ANDG. Seven Grand Managers LLC purchased a new position in Andersen Group during the 4th quarter worth $12,965,000. Royce & Associates LP purchased a new position in Andersen Group during the 4th quarter worth $19,948,000. Teacher Retirement System of Texas purchased a new position in Andersen Group during the 4th quarter worth $4,278,000. Telemark Asset Management LLC purchased a new position in Andersen Group during the 4th quarter worth $2,593,000. Finally, PNC Financial Services Group Inc. purchased a new position in Andersen Group during the 4th quarter worth $215,000.

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.