Andersen Group Inc. (ANDG) Stock Price & Analysis
Andersen Group Inc. (ANDG) closed at USD 63.54 on Thursday, October 22, 2026, up 4.30% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 60.92; the Oct 22, 2026 session ranged USD 60.44–64.14 on volume of 450,578 shares. Market capitalization is $1.18B, with a 52-week range of USD 18.12–64.14 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ANDG.md
Key facts (ANDG)
- Last four reported quarters (through Jun 30, 2026): revenue $842M, net income -$45.9M (-5.5% margin), free cash flow $112M (SEC filings).
- 1 of 80 tracked superinvestors hold ANDG (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $13.5M; 1 not under a Rule 10b5-1 plan ($13.5M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $85K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.38 on a 1–5 scale) (8 analysts), mean target USD 59.86 (range 49–70).
- Total return with dividends: 1Y +170.4% vs S&P 500 +14.9%; 5Y +160.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-12, EPS estimate USD 1.09, revenue estimate $334M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ANDG)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $639M | $732M | $839M | $842M |
| Operating income | $117M | $130M | -$135M | -$37.4M |
| Net income | $119M | $135M | -$2.3M | -$45.9M |
| Free cash flow | $113M | $144M | $174M | $112M |
| Operating margin | 18.3% | 17.7% | -16.1% | -4.4% |
| Net margin | 18.6% | 18.4% | -0.3% | -5.5% |
| Revenue growth | — | +14.5% | +14.6% | — |
| Cash + short-term investments | $1.5M | $2.9M | $3.4M | — |
| Total debt | — | $0K | $350M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ANDG)
P/S 1.4x · EV/Sales 1.6x · P/FCF 10.5x · FCF yield 9.51% · Earnings yield -3.90% · Net debt $126M · EV $1.30B
Superinvestors (SEC 13F-HR, Q2 2026) (ANDG)
1 of 80 tracked investors hold ANDG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Henry Ellenbogen | Durable Capital Partners | 0.61% | $63.0M | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (ANDG)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-07 | Durable Capital Partners Lp | 336,736 | $13.5M | 20.2% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (ANDG)
1 purchase, $85K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-20 | Gunderson Robert V Jr | Director | 2,367 | $85K | 35.82 | Too little history (no open-market trades in 2023 or 2024) |
Analysts (ANDG)
Consensus Buy (mean 2.38 on a 1–5 scale), 8 analysts; mean target USD 59.86 (low 49, high 70).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-25 | Truist Securities | Target raised | Buy | $55 → $70 |
| 2026-09-08 | BMO Capital | Initiated | Market Perform | $58 |
| 2026-08-31 | Baird | Target raised | Outperform | $57 → $64 |
| 2026-08-13 | Morgan Stanley | Target raised | Equal-Weight | $27 → $54 |
| 2026-08-13 | Wells Fargo | Target raised | Equal-Weight | $38 → $49 |
| 2026-08-13 | Truist Securities | Target raised | Buy | $42 → $55 |
| 2026-08-13 | Baird | Target raised | Outperform | $44 → $57 |
Total return (dividends reinvested) (ANDG)
| 1Y (from 2025-12-17) | 5Y (from 2025-12-15) | |
|---|---|---|
| Total return | +170.4% | +160.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | — | — |
| Volatility (annualized) | 58.8% | 48.6% |
| Max drawdown | -30.6% (Dec 2025→Feb 2026) | -18.3% (Dec 2025→Feb 2026) |
ANDG revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Private Client Services | $102.5M | 47.1% | +16.9% |
| Business Tax Services | $85.4M | 39.2% | +36.9% |
| Alternative Investment Funds | $17.7M | 8.1% | +17.9% |
| Valuation Services | $12.1M | 5.6% | +10.6% |
| Total revenue | $217.7M | 100% | — |
ANDG revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| West Region | $89.4M | 41.1% | +16.5% |
| East Region | $85.1M | 39.1% | +28.5% |
| US Central Region | $37.7M | 17.3% | +14.3% |
| Non Us | $5.5M | 2.5% | — |
| Total revenue | $217.7M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ANDG suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | AT Umbrella | “The Tax Receivable Agreement with the TRA Parties requires us to make cash payments to them in respect of certain tax benefits to which we may become entitled, and the CA Notes and HO Note require AT Umbrella LLC to make cash payments to Aggregator.” |
| Partner | Andersen Aggregator | “The Tax Receivable Agreement with the TRA Parties requires us to make cash payments to them in respect of certain tax benefits to which we may become entitled, and the CA Notes and HO Note require AT Umbrella LLC to make cash payments to Aggregator.” |
| Partner | If AT Umbrella | “If AT Umbrella LLC were to become a publicly traded partnership for U.S. federal income tax purposes, we and AT Umbrella LLC might be subject to potentially significant tax inefficiencies, and we would not be able to recover payments previously made under the Tax Receivable Agreement even if the corresponding tax benefits were subsequently determined to have been unavailable due to such publicly traded partnership…” |
Quoted from the company's 10-K filed Mar 27, 2026.
ANDG company outlook (results filed Aug 12, 2026)
- “Guidance: Revenue expected to be in the range of approximately $980 million to $1 billion, equating to a growth rate of approximately 18%.”
Quoted word-for-word from the SEC 8-K results press release.
ANDG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.09 | $1.16 | -5.8% | $333.6M | 7 |
| Next quarter (ends Dec 2026) | $-0.12 | $-0.02 | +593.9% | $201.8M | 7 |
| Current fiscal year (ends Dec 2026) | $1.87 | $1.76 | +6.1% | $992.8M | 8 |
| Next fiscal year (ends Dec 2027) | $2.28 | $2.19 | +4.1% | $1.17B | 8 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 63.54 |
|---|---|
| Change | ▲ 4.30% (up) |
| Previous Close | USD 60.92 |
| Open | USD 61.66 |
| Day Range | USD 60.44 – 64.14 |
| 52-Week Range | USD 18.12 – 64.14 |
| Volume | 450,578 shares |
| Market Cap | $1.18B |
| Exchange | NYQ |
Technical Analysis (ANDG)
Nexqual's technical model rates ANDG "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 69.48 (neutral) |
| vs SMA50 | Above (USD 54.75) |
| MACD | 1.94 (positive) |
Analyst Ratings (ANDG)
Wall Street analysts rate ANDG "Buy" based on 8 analysts, with a mean price target of USD 59.86 (range USD 49–70), per Nexqual as of October 23, 2026 at 09:22 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 59.86 |
| High Target | USD 70 |
| Low Target | USD 49 |
| Buy / Hold / Sell | 5 / 3 / 0 |
Earnings (ANDG)
| Next Earnings Date | 2026-11-12 |
|---|---|
| EPS Estimate | USD 1.09 |
| Revenue Estimate | $333.63M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-03-31 | USD 0.56 vs est 0.44 ▲ beat |
| 2025-12-31 | USD 0.07 vs est -0.23 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (ANDG)
| Total Revenue | $913.04M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +23.70% |
| Gross Margin | +35.18% |
| Operating Margin | -4.10% |
| Profit Margin | +4.66% |
| ROE | -67.12% |
| Debt / Equity | 13.17 |
| Current Ratio | 2.19 |
| Total Cash | $177.70M |
| Total Debt | $414.38M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $112.06M (13.3% of revenue) |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financial Health Score (ANDG)
Nexqual rates Andersen Group Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 09:22 UTC.
| Growth | Solid — Revenue +15% YoY (annual) |
|---|---|
| Profitability | Weak — Gross margin 35%, operating -4% (last 12 months) |
| Balance Sheet | Weak — $176M cash and investments vs $301M debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $112M (last 4 quarters to Jun 2026, SEC), 13% margin |
| Efficiency | Critical — ROE -67%, ROA 15.9% |
Ownership (ANDG)
| Insider Ownership | +0.22% |
|---|---|
| Institutional Ownership | +90.07% |
| Shares Outstanding | 18.54M |
| Float | 12.59M |
| Short % of Float | +30.11% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Leadership (ANDG)
Andersen Group Inc. is led by Mark Lawrence Vorsatz, Chairman & CEO, per Nexqual as of October 23, 2026 at 09:22 UTC.
| Chairman & CEO | Mark Lawrence Vorsatz |
|---|---|
| Chief Financial Officer | Neal Livingston |
| Managing Director of Investor Relations | Gregory Vistica |
| Managing Director | Emad Asgari |
| Managing Director | Amy Frees |
Major Backers & Investors (ANDG)
Notable institutional backers of Andersen Group Inc. include Brown Advisory Inc., Durable Capital Partners Lp, JPMorgan, according to Nexqual as of October 23, 2026 at 09:22 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Brown Advisory Inc. | 15.91% |
| Durable Capital Partners Lp | 12.27% |
| JPMorgan | 10.38% |
| Royce & Associates LP | 8.36% |
| Franklin Resources, Inc. | 6.64% |
| BAMCO Inc. | 6.62% |
| BARON INVESTMENT Fd.S TRT -Baron Small Cap Fd. | 6.61% |
| Kayne Anderson Rudnick Investment Management LLC | 6.6% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From Andersen Group Inc.'s Latest SEC 10-K Filing (filed 2026-03-27)
Key Strengths & Strategy (as disclosed to the SEC)
- We have strategically expanded our business to build an integrated platform of service offerings that enables us to solve our clients' most complex tax and financial challenges.
- Our primary end-to-end services offerings include:
- Our differentiated approach has helped to establish our reputation as a leading provider for tax and financial advisory services.
- We have built a multidimensional independent advisory firm with the ability to provide differentiated services across tax and financial services to address our clients' most complex challenges.
Partnerships
- For example, we believe our relationship with Andersen Global, as well as the Andersen Consulting brand, provide us with clear opportunities to expand our international presence, both through closer partnership with member and collaborating firms and through future acquisitions and business combinations.
- Beyond our internal programs, we have a partnership with the University of San Francisco (USF), which provides tailored programs for our professionals to earn Masters of Business Administration (MBA), Masters of Laws in Taxation (LLM) or Masters of Legal Studies in Taxation (MLST) degrees.
Legal & Regulatory Risks (Item 1A, quoted)
- Government regulations, interpretations and fiscal, regulatory and other policies are subject to changes, which could impact our clients and materially reduce our revenue.
- Changes in laws and regulations, or the interpretation and application thereof, as well as fiscal, regulatory and other policies, could result in changes in the amount or the type of services required by businesses and individuals, as well as our operations.
- Changes to tax laws, rules and regulations could impact our clients, decrease demand for our services, and materially reduce our revenue, and such changes, along with examinations of our tax returns, may negatively impact our effective tax rate and financial results and increase our cash tax payment obligations.
- We and the third parties with whom we work are subject to stringent and evolving U.S. and foreign laws, regulations, and rules, contractual obligations, industry standards, policies and other obligations related to data privacy and security. Actual or perceived failure to comply with such obligations could harm our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt