Piper Sandler started coverage on shares of Abacus Life (NASDAQ:ABL – Free Report) in a research report report published on Wednesday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $12.00 target price on the stock.
Several other equities research analysts have also recently commented on the company. B. Riley restated a buy rating and issued a $15.00 target price (down previously from $16.00) on shares of Abacus Life in a research note on Monday, June 24th. B. Riley Financial reduced their target price on shares of Abacus Life from $16.00 to $15.00 and set a buy rating for the company in a report on Monday, June 24th.
Get Our Latest Analysis on Abacus Life
Abacus Life Stock Down 4.9 %
Abacus Life (NASDAQ:ABL – Get Free Report) last released its earnings results on Monday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter. Abacus Life had a return on equity of 4.96% and a net margin of 0.11%. The firm had revenue of $21.49 million during the quarter. On average, equities research analysts anticipate that Abacus Life will post 0.5 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in ABL. Quarry LP bought a new stake in Abacus Life in the fourth quarter valued at approximately $463,000. Inscription Capital LLC acquired a new stake in Abacus Life during the 1st quarter valued at $137,000. Finally, Barclays PLC bought a new position in Abacus Life during the third quarter worth $47,000.
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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