Analysts at Piper Sandler assumed coverage on shares of Abacus Life (NASDAQ:ABL – Get Free Report) in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage set an “overweight” rating and a $12.00 price target on the stock. Piper Sandler’s price target would indicate a potential upside of 31.87% from the company’s previous close.
ABL has been the topic of several other reports. B. Riley Financial lowered their price target on 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 set a $15.00 price objective (down previously from $16.00) on shares of Abacus Life in a research report on Monday.
Check Out Our Latest Research Report on ABL
Abacus Life Stock Up 3.3 %
Abacus Life (NASDAQ:ABL – Get Free Report) last announced its quarterly earnings data on Monday, May 13th. The company reported $0.11 EPS for the quarter. The company had revenue of $21.49 million for the quarter. Abacus Life had a net margin of 0.11% and a return on equity of 4.96%. On average, research analysts forecast that Abacus Life will post 0.5 EPS for the current fiscal year.
Hedge Funds Weigh In On Abacus Life
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Inscription Capital LLC purchased a new stake in Abacus Life during the first quarter valued at $137,000. Quarry LP purchased a new stake in shares of Abacus Life during the 4th quarter valued at about $463,000. Finally, Barclays PLC bought a new position in shares of Abacus Life in the 3rd quarter valued at about $47,000.
Abacus Life Company Profile
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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