Abacus Global Management (NYSE:ABX) Price Target Lowered to $12.00 at Piper Sandler

Abacus Global Management (NYSE:ABX) had its price target cut by Piper Sandler from $13.00 to $12.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also recently commented on the company. Wall Street Zen cut Abacus Global Management from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. B. Riley Financial restated a “buy” rating on shares of Abacus Global Management in a report on Friday. Texas Capital raised shares of Abacus Global Management to a “strong-buy” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abacus Global Management in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Abacus Global Management Price Performance

Shares of Abacus Global Management stock opened at $9.56 on Friday. The firm has a market capitalization of $916.90 million, a PE ratio of 34.14 and a beta of 0.07. The firm’s 50 day moving average price is $10.19. Abacus Global Management has a 12 month low of $5.00 and a 12 month high of $12.44. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.79.

Insiders Place Their Bets

In other news, major shareholder Sean Mcnealy sold 38,333 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $10.31, for a total value of $395,213.23. Following the completion of the sale, the insider directly owned 12,610,606 shares in the company, valued at $130,015,347.86. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Matthew Ganovsky sold 38,333 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $10.31, for a total value of $395,213.23. Following the completion of the sale, the insider directly owned 8,755,260 shares of the company’s stock, valued at approximately $90,266,730.60. This represents a 0.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,000 shares of company stock valued at $1,185,650 in the last ninety days. 46.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Abacus Global Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABX. Russell Investments Group Ltd. acquired a new stake in shares of Abacus Global Management in the 4th quarter worth $30,000. New York State Common Retirement Fund acquired a new position in shares of Abacus Global Management during the 4th quarter valued at about $75,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Abacus Global Management during the 4th quarter valued at about $83,000. Summit Wealth & Retirement Planning Inc. purchased a new stake in shares of Abacus Global Management in the fourth quarter valued at about $86,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Abacus Global Management in the fourth quarter valued at about $96,000.

Key Headlines Impacting Abacus Global Management

Here are the key news stories impacting Abacus Global Management this week:

• Positive Sentiment: Abacus reported quarterly earnings of $0.28 per share, exceeding the Zacks consensus estimate of $0.25 and improving from $0.22 a year earlier. Abacus Global Management Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Fiscal 2026 EPS guidance of $1.00-$1.05 has a midpoint of $1.025, slightly above the $1.01 analyst consensus, suggesting management remains positioned to meet or modestly exceed full-year expectations.
• Neutral Sentiment: Reports on the quarter are inconsistent: Zacks cited a $0.28 EPS beat, while another earnings report listed EPS of $0.23, $0.02 below consensus. The discrepancy may be contributing to investor uncertainty.
• Neutral Sentiment: Third-quarter EPS guidance of $0.26-$0.28 has a midpoint of $0.27, matching consensus and indicating expectations are largely unchanged.
• Negative Sentiment: Piper Sandler lowered its price target from $13 to $12 and maintained a “Neutral” rating. Although the revised target still implies substantial potential upside from the recent trading level, the reduction signals a more cautious view of Abacus’s near-term valuation. Piper Sandler Lowers Abacus Global Management Price Target
• Negative Sentiment: Major shareholders Matthew Ganovsky, Kevin Scott Kirby and Sean McNealy each sold approximately 38,333-38,334 shares at about $10.31 per share. The sales reduced their individual holdings only modestly, but multiple large-holder transactions can weigh on sentiment. Abacus Global Management Major Shareholder Sale

Abacus Global Management 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.