Key Points
- Director Robert Gunderson, Jr. bought 2,367 shares of Andersen Group at $35.82 each, totaling $84,785.94. After the purchase, he owned 15,000 shares, a roughly 18.74% increase in his stake.
- Andersen Group recently reported quarterly earnings of $0.03 per share, missing analyst expectations of $0.11, even though revenue rose 15.7% year over year to $240.75 million.
- Wall Street remains cautiously positive on the stock, with a Moderate Buy consensus rating and an average price target of $39.00. Several firms recently raised targets, including UBS to $42 and Robert W. Baird to $44.
Andersen Group Inc. (NYSE:ANDG - Get Free Report) Director Robert Gunderson, Jr. acquired 2,367 shares of Andersen Group stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $35.82 per share, with a total value of $84,785.94. Following the completion of the purchase, the director owned 15,000 shares in the company, valued at approximately $537,300. This represents a 18.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Andersen Group Price Performance
ANDG opened at $38.59 on Friday. The stock's fifty day moving average is $31.55. Andersen Group Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $40.11.
Andersen Group (NYSE:ANDG - Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $240.75 million during the quarter. The business's quarterly revenue was up 15.7% compared to the same quarter last year. Equities research analysts forecast that Andersen Group Inc. will post 0.23 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
ANDG has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Andersen Group from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $41.00 price target on shares of Andersen Group in a research note on Wednesday, May 13th. UBS Group lifted 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. Wells Fargo & Company lifted 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. 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 research report on Wednesday, May 13th. One 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 assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.00.
Read Our Latest Stock Report on Andersen Group
Institutional Trading of Andersen Group
A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in Andersen Group during the fourth quarter valued at $45,987,000. J. Goldman & Co LP acquired a new stake in Andersen Group during the fourth quarter valued at $30,079,000. Brown Advisory Inc. acquired a new stake in Andersen Group during the fourth quarter valued at $29,365,000. Franklin Resources Inc. acquired a new stake in Andersen Group during the fourth quarter valued at $25,864,000. Finally, Royce & Associates LP acquired a new stake in Andersen Group during the fourth quarter valued at $19,948,000.
About Andersen Group
(
Get Free Report)
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.
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