Shares of Abacus Life, Inc. (NASDAQ:ABL – Get Free Report) saw strong trading volume on Monday . 15,555 shares were traded during mid-day trading, a decline of 68% from the previous session’s volume of 47,928 shares.The stock last traded at $8.87 and had previously closed at $8.65.
Analysts Set New Price Targets
ABL has been the subject of a number of research reports. Piper Sandler began coverage on shares of Abacus Life in a report on Wednesday, June 26th. They issued an “overweight” rating and a $12.00 price target for the company. B. Riley reissued a “buy” rating and issued a $15.00 price objective (down previously from $16.00) on shares of Abacus Life in a research note on Monday, June 24th. Finally, B. Riley Financial decreased their price target on shares of Abacus Life from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, June 24th.
Read Our Latest Analysis on Abacus Life
Abacus Life Stock Performance
Abacus Life (NASDAQ:ABL – Get Free Report) last released its quarterly earnings data 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 company had revenue of $21.49 million for the quarter. On average, equities analysts forecast that Abacus Life, Inc. will post 0.5 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABL. Quarry LP purchased a new stake in Abacus Life during the fourth quarter valued at about $463,000. Inscription Capital LLC purchased a new stake in Abacus Life during the first quarter valued at about $137,000. Finally, Barclays PLC purchased a new stake in Abacus Life during the third quarter valued at about $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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