Abacus Life, Inc. (NASDAQ:ABL – Get Free Report) shares rose 5.5% on Wednesday . The stock traded as high as $9.20 and last traded at $9.13. Approximately 124,304 shares were traded during trading, an increase of 168% from the average daily volume of 46,303 shares. The stock had previously closed at $8.65.
Analysts Set New Price Targets
A number of research firms have recently issued reports on ABL. B. Riley Financial lowered their price objective on shares of Abacus Life from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Monday. B. Riley reiterated a “buy” rating and issued a $15.00 price target (down from $16.00) on shares of Abacus Life in a research note on Monday. Finally, Piper Sandler initiated coverage on shares of Abacus Life in a research report on Wednesday. They set an “overweight” rating and a $12.00 price target on the stock.
View Our Latest Analysis on ABL
Abacus Life Trading Up 3.3 %
Abacus Life (NASDAQ:ABL – Get Free Report) last announced its quarterly earnings results on Monday, May 13th. The company reported $0.11 EPS for the quarter. The firm 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%. As a group, equities analysts predict that Abacus Life, Inc. will post 0.5 EPS for the current fiscal year.
Hedge Funds Weigh In On Abacus Life
A number of institutional investors have recently bought and sold shares of the business. Barclays PLC acquired a new stake in shares of Abacus Life in the third quarter valued at approximately $47,000. Quarry LP acquired a new stake in Abacus Life during the 4th quarter valued at $463,000. Finally, Inscription Capital LLC bought a new position in Abacus Life during the first quarter worth $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.
Featured Stories
- Five stocks we like better than Abacus Life
- EV Stocks and How to Profit from Them
- BlackBerry Stock: Strong Earnings, Profitability Challenges Ahead
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Progress Software Stock Back in the Green After Beating Forecasts
- The Most Important Warren Buffett Stock for Investors: His Own
- Goldman Sachs Raises Stock Target for Affirm: Key Insights
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.