| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
- Expects Total Revenue Between $26.0 and $28.0 Million; Grows 23-33% Year-over-Year - - Expects GAAP Net Income / (Loss) Between ($6.0) and ($6.75) Million Due to Non-Cash Increase in Warrant Liability of Between $8.0 and $9.0 Million - - Expects Adjusted EBITDA Between $14.0 and $16.0 Million; Grows 30-48% Year-over-Year - - Third Quarter 2024 Earnings Release and Conference Call to be Held Thursday, November 7, 2024 - ORLANDO, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced preliminary unaudited financial results for the third q
ORLANDO, Fla., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced it will release its Third Quarter 2024 financial results after the market closes on Thursday, November 7, 2024. Abacus will hold a conference call to discuss the financial results at 5:00 pm Eastern Time on November 7, 2024. A live webcast of the conference call will be available on Abacus' investor relations website at ir.abacuslife.com. The dial-in number for the conference call is (800) 267-6316 (toll-free) or (203) 518-9783 (international), followed by the required Conferenc
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., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced that its popular Abacus Policy Value Calculator, which recently launched its newest generation, has surpassed 150,000 individual submissions from insureds, totaling more than $87 billion in face value. "Since the original version of the calculator, we have been proud to provide over 150,000 insureds instant access to our valuation database right on our website," said Jay Jackson, CEO of Abacus Life. "This outpouring of interest in our education-based messaging has allowed us to
ORLANDO, Fla., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced that Corey McLaren has joined Abacus as Managing Director, Capital Markets. Based in Boston, Mr. McLaren has almost two decades of experience in financial services, including over fifteen years of business development and management experience directly related to life settlements. Mr. McLaren most recently held the position of Director, Alternative Strategies at Spearhead Capital, where he was responsible for managing the daily operations of Spearhead's life settlement investme
New partnership leverages PREADISAN™, the cutting-edge health prediction platform using machine learning and modern proteomicsApplies novel big data analytics tools to the Abacus portfolio of servicesLorisco's risk scores will enable a more personalized approach to longevity and actuarial technology to maximize value for Abacus' clients ORLANDO, Fla and NEW YORK, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus") (NASDAQ:ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, and Lorisco Life LLC ("Lorisco"), a health prediction company using modern proteomics and machine learning to accurately forecast health events, today announced
- Second Quarter 2024 Total Revenue More Than Doubled Year-over-Year to $29.1 Million - - Net Income of $0.8 Million; Adjusted Net Income Grows 75% Year-over-Year to $11.8 Million - - Adjusted EBITDA Grows 83% Year-over-Year to $16.7 Million - ORLANDO, Fla., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, today reported results for the second quarter ended June 30, 2024. "We delivered another excellent quarter, showcasing continued robust growth and profitability, as well as successfully executing on our long-term strategy," said Jay Jackson,
Acquisition accelerates expansion of ABL Wealth with a diverse suite of products Deal will add up to $600 million in AUM to Abacus ORLANDO, Fla., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, today announced a definitive agreement to acquire FCF Advisors ("FCF"), a New York-based asset manager and index provider specializing in free cash flow-focused investment strategies. The acquisition of FCF, which has approximately $600 million in assets under management, is firmly aligned with Abacus' ongoing expansion of ABL Wealth and its suite of products. O
- Expects Total Revenue Between $28.0 and $30.0 Million; Grows 146-163% Year-over-Year - - Expects Net Income Between $0.0 and $1.0 Million - - Expects Adjusted EBITDA Between $15.0 and $17.0 Million; Grows 64-86% Year-over-Year - - Schedules Second Quarter 2024 Earnings Release and Conference Call for Monday, August 12, 2024 - ORLANDO, Fla., July 18, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, today announced preliminary unaudited financial results for the second quarter ended June 30, 2024. Preliminary Financial Results - Second Quarter 2024 Based upon
Acquisition accelerates Abacus' expansion as a global alternative asset manager and origination company Deal will add up to $2 billion in AUM to Abacus ORLANDO, Fla., July 18, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today announced a definitive agreement to acquire Carlisle Management Company SCA ("Carlisle"), a leading Luxembourg-based investment manager in the life settlement space, for approximately $200 million. The acquisition of Carlisle, with approximately $2.0 billion in assets under managemen
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
Piper Sandler initiated coverage of Abacus Life with a rating of Overweight and set a new price target of $12.00
B. Riley Securities initiated coverage of Abacus Life with a rating of Buy and set a new price target of $16.00
- Expects Total Revenue Between $26.0 and $28.0 Million; Grows 23-33% Year-over-Year - - Expects GAAP Net Income / (Loss) Between ($6.0) and ($6.75) Million Due to Non-Cash Increase in Warrant Liability of Between $8.0 and $9.0 Million - - Expects Adjusted EBITDA Between $14.0 and $16.0 Million; Grows 30-48% Year-over-Year - - Third Quarter 2024 Earnings Release and Conference Call to be Held Thursday, November 7, 2024 - ORLANDO, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced preliminary unaudited financial results for the third q
ORLANDO, Fla., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced it will release its Third Quarter 2024 financial results after the market closes on Thursday, November 7, 2024. Abacus will hold a conference call to discuss the financial results at 5:00 pm Eastern Time on November 7, 2024. A live webcast of the conference call will be available on Abacus' investor relations website at ir.abacuslife.com. The dial-in number for the conference call is (800) 267-6316 (toll-free) or (203) 518-9783 (international), followed by the required Conferenc
- Second Quarter 2024 Total Revenue More Than Doubled Year-over-Year to $29.1 Million - - Net Income of $0.8 Million; Adjusted Net Income Grows 75% Year-over-Year to $11.8 Million - - Adjusted EBITDA Grows 83% Year-over-Year to $16.7 Million - ORLANDO, Fla., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, today reported results for the second quarter ended June 30, 2024. "We delivered another excellent quarter, showcasing continued robust growth and profitability, as well as successfully executing on our long-term strategy," said Jay Jackson,
- First Quarter 2024 Total Revenue More Than Doubled Year-over-Year to $21.5 Million - - Driven by 59% Year-over-Year Growth in Direct-to-Consumer Division - ORLANDO, Fla., May 13, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, today reported results for the first quarter ended March 31, 2024. "We are pleased with our continued momentum, delivering yet another strong quarterly performance due to our relentless execution, and further validating the resiliency and profitability of our business model," said Jay Jackson, Chief Executive Officer of Abacus. "In addi
ORLANDO, Fla., April 11, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today announced it will release its First Quarter 2024 financial results before the market opens on Monday, May 13, 2024. Abacus will hold a conference call to discuss the financial results at 9:00 am Eastern Time on May 13, 2024. A live webcast of the conference call will be available on Abacus' investor relations website at ir.abacuslife.com. The dial-in number for the conference call is (877) 407-9716 (toll-free) or (201) 493-6779 (interna
- Fourth Quarter 2023 Total Revenue Grew 25% Year-over-Year to $23.6 Million - - Increased Originations Capital Deployment by 92% Year-over-Year to $68.3 Million - - Increased Originations Capital Deployment for Full Year 2023 by 46% to $218.9 Million - ORLANDO, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today reported results for the quarter and full year ended December 31, 2023. "We delivered another solid performance in the fourth quarter and throughout 2023, as we contin
ORLANDO, Fla., March 12, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today announced it will release its Fourth Quarter 2023 financial results after the market closes on Thursday, March 21, 2024. Abacus will hold a conference call to discuss the financial results at 5:00 pm Eastern Time on March 21, 2024. A live webcast of the conference call will be available on Abacus' investor relations website at ir.abacuslife.com. The dial-in number for the conference call is (877) 407-9716 (toll-free) or (201) 493-6779
- Total Revenue Grew 20% Year-over-Year to $21.1 Million - - Increased Originations Capital Deployment by 43% Year-over-Year to $51 Million - - GAAP Net Income of $0.9 Million; non-GAAP Adjusted Net Income of $9.2 Million - - Non-GAAP Adjusted EBITDA Grew 26% Year-over-Year to $10.8 Million - ORLANDO, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today reported results for the quarter ended September 30, 2023. "Our strong third quarter results continue to validate Abacus' differentiated busine
ORLANDO, Fla., Oct. 17, 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 it will release its Third Quarter 2023 financial results before the market opens on Monday, November 13, 2023. Abacus Life will hold a conference call to discuss the financial results at 9:00 am Eastern Time on November 13, 2023. A live webcast of the conference call will be available on Abacus Life's investor relations website at ir.abacuslife.com. The dial-in number for the conference call is (877) 407-9716 (toll-free) or (201)
- Revenue Grew 30% Year-over-Year to $18.3 Million - - Increased Originations Capital Deployment by 88% Year-over-Year to $59.7 Million - - Net Income Increased 40% Year-over-Year to $6.4 Million - - Adjusted EBITDA Grew 33% Year-over-Year to $8.8 Million - ORLANDO, Fla., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today reported results for the second quarter ended June 30, 2023. "Our strong second quarter results continue to validate Abacus' differentiated business model and further co
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
ORLANDO, Fla. and BOCA RATON, Fla., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading buyer of life insurance policies and alternative asset manager specializing in specialty insurance products, today announced that Seth Miller has been appointed as Chief Revenue Officer to continue to drive relationships with life insurance carriers and wealth management institutions. Miller brings 25 years of leadership experience in financial services distribution and manufacturing and previously served in senior roles for World Financial Group (a Transamerica company), including leading its US business. Prior to his role at World Financial Group, M
U.S. stocks were lower, with the Dow Jones index falling around 250 points on Friday. Shares of Western Alliance Bancorporation (NYSE:WAL) rose sharply during Friday's session following upbeat quarterly results. Western Alliance reported quarterly earnings of $1.75 per share which beat the analyst consensus estimate of $1.71 per share. The company reported quarterly sales of $771.80 million which beat the analyst consensus estimate of $737.64 million, according to data from Benzinga Pro. Western Alliance Bancorporation shares gained 7.2% to $76.16 on Friday. Here are some other big stocks recording gains in today’s session. Hawaiian Electric Industries, Inc. (NYSE:HE) shares
The company expects Q2 net income between $0.0 and $1.0 million, Adjusted EBITDA between $15.0 and $17.0 million. Jay Jackson, Chief Executive Officer of Abacusm, said, "Our momentum continues to accelerate as we execute on our key strategies to drive long-term growth. During the quarter, we successfully completed a public offering that generated over $90 million of net proceeds, which will be instrumental in pursuing growth opportunities."
Piper Sandler analyst Crispin Love initiates coverage on Abacus Life (NASDAQ:ABL) with a Overweight rating and announces Price Target of $12.
B. Riley Securities analyst Matt Howlett reiterates Abacus Life (NASDAQ:ABL) with a Buy and lowers the price target from $16 to $15.
Shares of Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) fell sharply during Friday's session after the company announced pricing of $6.0 million public offering. Kaival Brands priced its 3,921,500 unit offering at $15.3 per unit. Kaival Brands Innovations Group shares dipped 47% to $1.52 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers American Rebel Holdings, Inc. (NASDAQ:AREB) shares jumped 161% to $0.8048 after the company signed a Connecticut distribution agreement with Dichello Distributors. Sharecare, Inc. (NASDAQ:SHCR) jumped 74% to $1.35 after the company agreed to be acquired by Altaris affiliate for $1.43 per share in cash.