Andersen Group (NYSE:ANDG) Stock Price Down 4.3% - Should You Sell?

Key Points

• Shares of Andersen Group were down 4.3% to $26.70 on Monday, trading about 69,590 shares — roughly 79% below the stock’s average daily volume, indicating a low‑liquidity price move.
• In the latest quarter Andersen Group reported EPS of -$0.13, beating the -$0.28 consensus, and revenue of $170.35 million versus $152.64 million expected.
• Analysts’ consensus is a Moderate Buy with an average target of $32.67, though ratings are mixed (two Strong Buy, two Buy, three Hold) and several firms recently raised their targets (e.g., Baird to $42, Morgan Stanley to $24).

Shares of Andersen Group Inc. (NYSE:ANDG - Get Free Report) were down 4.3% during trading on Monday . The company traded as low as $25.94 and last traded at $26.7040. Approximately 69,590 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 328,587 shares. The stock had previously closed at $27.90.

Analyst Ratings Changes

Several research analysts have recently weighed in on ANDG shares. William Blair upgraded Andersen Group to a "strong-buy" rating in a report on Monday, January 12th. Zacks Research upgraded Andersen Group to a "hold" rating in a research report on Tuesday, January 13th. Robert W. Baird boosted their price objective on Andersen Group from $40.00 to $42.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 18th. Morgan Stanley upped their target price on Andersen Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, March 18th. Finally, Wells Fargo & Company raised Andersen Group to a "hold" rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $32.67.

Andersen Group Trading Down 1.7%

The stock's fifty day moving average price is $22.76.

Andersen Group (NYSE:ANDG - Get Free Report) last released 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 firm had revenue of $170.35 million for the quarter, compared to analysts' expectations of $152.64 million.

Hedge Funds Weigh In On Andersen Group

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.