Abacus Global Management (NYSE:ABX) Trading Up 9.6% – Here’s What Happened

Posted by Brian Himes on Jul 1st, 2026

Abacus Global Management, Inc. (NYSE:ABX – Get Free Report)’s stock price rose 9.6% during trading on Wednesday . The stock traded as high as $11.79 and last traded at $11.7350. 207,370 shares were traded during trading, a decline of 65% from the average session volume of 595,877 shares. The stock had previously closed at $10.71.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ABX. Texas Capital raised Abacus Global Management to a “strong-buy” rating in a research note on Tuesday, June 9th. Piper Sandler upped their target price on Abacus Global Management from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Abacus Global Management in a research report on Thursday, June 11th. Finally, Wall Street Zen downgraded Abacus Global Management from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Read Our Latest Analysis on ABX

Abacus Global Management Price Performance

The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.79. The firm’s 50-day moving average is $9.31. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 29.74 and a beta of 0.09.

Hedge Funds Weigh In On Abacus Global Management

Several hedge funds have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI acquired a new stake in shares of Abacus Global Management during the fourth quarter valued at $889,000. Royce & Associates LP purchased a new position in Abacus Global Management in the 4th quarter valued at about $16,992,000. Kennedy Capital Management LLC acquired a new stake in shares of Abacus Global Management during the 4th quarter worth about $5,342,000. QTR Family Wealth LLC purchased a new stake in shares of Abacus Global Management during the fourth quarter worth about $5,110,000. Finally, JB Capital Partners LP purchased a new stake in shares of Abacus Global Management during the fourth quarter worth about $684,000.

About Abacus Global Management

(Get Free Report)

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.