Piper Sandler initiated coverage on Abacus Life with a new price target
$ABL
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Piper Sandler initiated coverage of Abacus Life with a rating of Overweight and set a new price target of $12.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/29/2025 | $14.00 | Buy | Maxim Group |
| 10/24/2024 | $13.50 | Outperform | Northland Capital |
| 8/7/2024 | $14.00 | Buy | TD Cowen |
| 6/26/2024 | $12.00 | Overweight | Piper Sandler |
| 5/31/2024 | $16.00 | Buy | B. Riley Securities |
– First Quarter 2025 Total Revenue More Than Doubled Year-over-Year to $44.1 Million – - Longevity Funds Attracted $122.8 Million in Capital Inflows - – GAAP Net Income of $4.6 Million – – Adjusted Net Income Grew 158% Year-over-Year to $17.3 Million – – Adjusted EBITDA More Than Doubled Year-over-Year to $24.5 Million – ORLANDO, Fla., May 08, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leader in the alternative asset management space, today reported results for the first quarter ended March 31, 2025. "We delivered exceptional results in the first quarter of 2025, more than doubling our revenue and adjust
ORLANDO, Fla., April 14, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leader in the alternative asset management space, today announced it will release its first quarter 2025 financial results after the market closes on Thursday, May 8, 2025. Abacus will hold a conference call to discuss the financial results at 5:00 pm Eastern Time on May 8, 2025. A live webcast of the conference call will be available on Abacus' investor relations website at ir.abacusgm.com. The dial-in number for the conference call is (877) 407-9716 (toll-free) or (201) 493-6779 (international). Please dial the number 10 minutes prior to the scheduled start time.
- Delivered Record Full Year Revenue and Growth While Executing on Strategic Acquisitions and Initiatives - - Fourth Quarter 2024 Total Revenue Grows 40% Year-over-Year to $33.2 Million - - Full-Year Policy Originations Grow 63% to 1,034 - - Initiating Full Year 2025 Outlook for Adjusted Net Income Between $70 and $78 Million - ORLANDO, Fla., March 27, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management ("Abacus" or the "Company") (NASDAQ:ABL), a leader in the alternative asset management space, today reported results for the fourth quarter ended December 31, 2024. "We concluded 2024 with another solid quarter of profitable growth and significant milestones
ORLANDO, Fla., June 06, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leader in the alternative asset management space, today announced that its Board of Directors has authorized a new $20 million share repurchase program, effective June 5, 2025 for over a period of up to 18 months, as well as recent Form 4 and other employee share purchases totaling over $2 million. "While it is unfortunate that Abacus Global Management has been subject to a short attack, we believe our artificially depressed share price represents an excellent buying opportunity for the Company," said Jay Jackson, Chief Executive Officer of Abacus Global Management.
ORLANDO, Fla., June 04, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leader in the alternative asset management space, today provided the following response to a false and misleading short attack. Abacus has been buying and selling life insurance policies for over two decades with long-standing and trusted counter-party relationships. If Abacus used flawed data causing over-valuation of the underlying insurance product assets, the Company would be going out of business, not consistently producing positive realized returns. As highlighted in the first quarter 10-Q Abacus filed on May 8, 2025, Abacus realized gains of nearly 40% while d
ORLANDO, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leader in the alternative asset management space, today announced details for the virtual livestream of the Abacus Investor Day and Longevity Summit to be held on Thursday, June 12, 2025, beginning at 9:30AM ET. The Abacus Investor Day and Longevity Summit is a one-day, specialized event focused on applying lifespan to financial products. Abacus will inform its shareholders about the Company's business model, current ABL products, and the outlook for Abacus and its affiliates. Additionally, Abacus has gathered top professionals in the field of longevity and lifespan t
ORLANDO, Fla., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ:ABL) ("Abacus Life" or the "Company"), a pioneering alternative asset manager specializing in longevity and actuarial technology, today announced the appointment of Robert F. Phillips as Senior Vice President, Investor Relations and Corporate Affairs, effective immediately. Mr. Phillips brings over 30 years of diverse experience in capital markets and investor relations to Abacus Life, with a proven track record of strategic leadership in the financial sector. Reporting directly to Jay Jackson, Chairman and Chief Executive Officer of Abacus Life, Mr. Phillips will lead Abacus Life's investor relations strategy to s
ORLANDO, Fla., April 18, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ:ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, today announced the appointment of Fei Xue as Vice President of ABL Wealth. Based in Orlando, Ms. Xue brings nearly two decades of experience in asset and wealth management. Having worked at Dynasty Financial Partners most recently, Ms. Xue served as a strategic advisor to some of the largest and most successful Registered Investment Advisors (RIAs) across the country. She partnered with sophisticated leadership teams to help scale their businesses, enhance investment offerings, build efficiencies, and better care fo
ORLANDO, Fla. and BOCA RATON, Fla., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading buyer of life insurance policies, policy originator and alternative asset manager specializing in specialty insurance products, today announced that Christopher Romaine has been appointed as General Counsel and will advise and serve on the Company's executive leadership team. Romaine brings 25 years of leadership experience in global specialty insurance, financial services and corporate development and previously held senior roles at Fortegra, including serving as General Counsel and Chief Operating Officer. Prior to Fortegra, Romaine served as couns
Maxim Group initiated coverage of Abacus Global Management with a rating of Buy and set a new price target of $14.00
Northland Capital initiated coverage of Abacus Life with a rating of Outperform and set a new price target of $13.50
TD Cowen initiated coverage of Abacus Life with a rating of Buy and set a new price target of $14.00