Shares of Abacus Life, Inc. (NASDAQ:ABL – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $10.59, but opened at $11.76. Abacus Life shares last traded at $10.19, with a volume of 56,689 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on ABL shares. Piper Sandler assumed coverage on Abacus Life in a research report on Wednesday, June 26th. They issued an “overweight” rating and a $12.00 price target on the stock. TD Cowen began coverage on Abacus Life in a research note on Wednesday, August 7th. They set a “buy” rating and a $14.00 price objective on the stock. B. Riley Financial reduced their price objective on shares of Abacus Life from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Finally, B. Riley reaffirmed a “buy” rating and issued a $15.00 target price (down from $16.00) on shares of Abacus Life in a research report on Monday, June 24th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $14.00.
Check Out Our Latest Stock Analysis on Abacus Life
Abacus Life Trading Down 4.1 %
Abacus Life (NASDAQ:ABL – Get Free Report) last issued its quarterly earnings data on Monday, May 13th. The company reported $0.11 EPS for the quarter. Abacus Life had a net margin of 0.11% and a return on equity of 4.96%. The business had revenue of $21.49 million during the quarter. As a group, analysts anticipate that Abacus Life, Inc. will post 0.5 EPS for the current fiscal year.
Institutional Investors Weigh In On Abacus Life
A number of institutional investors and hedge funds have recently made changes to their positions in ABL. Inscription Capital LLC bought a new position in shares of Abacus Life during the first quarter valued at $137,000. Renaissance Technologies LLC purchased a new stake in shares of Abacus Life during the second quarter worth about $106,000. Levin Capital Strategies L.P. purchased a new position in shares of Abacus Life in the second quarter worth $130,000. Richard W. Paul & Associates LLC lifted its stake in Abacus Life by 4.8% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 30,448 shares of the company’s stock worth $263,000 after purchasing an additional 1,401 shares in the last quarter. Finally, Quarry LP purchased a new position in Abacus Life during the 4th quarter valued at approximately $463,000.
About Abacus Life
Abacus Life, Inc operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.
Further Reading
- Five stocks we like better than Abacus Life
- Best Aerospace Stocks Investing
- Monday.com’s Stock Results Will Brighten Any Investor’s Week
- What is the Euro STOXX 50 Index?
- 3 Must-Watch Stocks After a Bullish Goldman Sachs Recommendation
- Are Penny Stocks a Good Fit for Your Portfolio?
- It’s Time to Take a Second Look at Take-Two Interactive Stock
Receive News & Ratings for Abacus Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abacus Life and related companies with MarketBeat.com's FREE daily email newsletter.