Andersen Group (NYSE:ANDG) Shares Gap Down – What’s Next?

Andersen Group Inc. (NYSE:ANDG)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $22.40, but opened at $21.49. Andersen Group shares last traded at $21.50, with a volume of 1,419 shares.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ANDG shares. Truist Financial upgraded shares of Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Wells Fargo & Company raised Andersen Group to a “hold” rating in a research note on Monday, January 12th. Zacks Research upgraded Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. Robert W. Baird raised Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Finally, William Blair raised Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Four research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Andersen Group Stock Up 0.8%

Institutional Investors Weigh In On Andersen Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN bought a new position in Andersen Group in the 4th quarter valued at $46,000. PNC Financial Services Group Inc. bought a new stake in shares of Andersen Group during the fourth quarter worth $215,000. Barclays PLC bought a new stake in shares of Andersen Group during the fourth quarter worth $218,000. Voloridge Investment Management LLC purchased a new stake in shares of Andersen Group during the fourth quarter valued at $259,000. Finally, XTX Topco Ltd bought a new position in shares of Andersen Group in the fourth quarter worth 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.