Abacus Life, Inc. (NASDAQ:ABL – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $8.94, but opened at $8.69. Abacus Life shares last traded at $8.69, with a volume of 106 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Piper Sandler initiated coverage on shares of Abacus Life in a research note on Wednesday, June 26th. They set an “overweight” rating and a $12.00 price objective on the stock. B. Riley Financial dropped their target price on Abacus Life from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. Finally, B. Riley reissued a “buy” rating and issued a $15.00 price target (down previously from $16.00) on shares of Abacus Life in a report on Monday, June 24th.
Check Out Our Latest Stock Report on ABL
Abacus Life Price Performance
Abacus Life (NASDAQ:ABL – Get Free Report) last released its quarterly earnings results on Monday, May 13th. The company reported $0.11 EPS for the quarter. The business had revenue of $21.49 million during the quarter. Abacus Life had a net margin of 0.11% and a return on equity of 4.96%. On average, sell-side analysts forecast that Abacus Life, Inc. will post 0.5 EPS for the current fiscal year.
Hedge Funds Weigh In On Abacus Life
An institutional investor recently bought a new position in Abacus Life stock. Inscription Capital LLC acquired a new position in Abacus Life, Inc. (NASDAQ:ABL – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,500 shares of the company’s stock, valued at approximately $137,000.
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.
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