Abacus Global Management (NYSE:ABX – Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.000-1.050 for the period, compared to the consensus earnings per share estimate of 1.010. The company issued revenue guidance of -. Abacus Global Management also updated its Q3 2026 guidance to 0.260-0.280 EPS.
Analyst Ratings Changes
Several research firms recently issued reports on ABX. Piper Sandler raised their price target on Abacus Global Management from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abacus Global Management in a research note on Thursday, June 11th. Texas Capital raised shares of Abacus Global Management to a “strong-buy” rating in a research note on Tuesday, June 9th. Finally, Wall Street Zen lowered shares of Abacus Global Management from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Abacus Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $13.00.
Abacus Global Management Trading Down 1.4%
Insiders Place Their Bets
In other Abacus Global Management news, major shareholder Kevin Scott Kirby sold 38,334 shares of Abacus Global Management stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $10.31, for a total transaction of $395,223.54. Following the transaction, the insider directly owned 12,610,305 shares in the company, valued at approximately $130,012,244.55. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Sean Mcnealy sold 38,333 shares of the stock in a transaction dated 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 owned 12,610,606 shares of the company’s stock, valued at $130,015,347.86. This trade represents a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 115,000 shares of company stock worth $1,185,650. Company insiders own 46.40% of the company’s stock.
Trending Headlines about Abacus Global Management
Here are the key news stories impacting Abacus Global Management this week:
- Positive Sentiment: One earnings report stated that Abacus earned $0.28 per share, exceeding the $0.25 consensus estimate and improving from $0.22 a year earlier. Revenue was reported at approximately $73.0 million. Abacus Global Management Tops Q2 Earnings and Revenue Estimates
- Positive Sentiment: Analyst sentiment remains moderately constructive. Piper Sandler raised its price target to $13, while Texas Capital upgraded the stock to “strong buy.” The reported consensus target is $13, implying potential upside from recent trading levels.
- Neutral Sentiment: Fiscal 2026 EPS guidance of $1.00-$1.05 is broadly in line with the $1.01 consensus estimate. Third-quarter guidance of $0.26-$0.28 also brackets the $0.27 consensus, suggesting limited near-term guidance surprise.
- Neutral Sentiment: Published earnings figures are inconsistent: MarketBeat reported quarterly EPS of $0.23, below the $0.25 consensus, while Zacks reported $0.28 and a beat. Investors may await the company’s official filing or earnings call for clarification.
- Negative Sentiment: Major shareholders Matthew Ganovsky, Kevin Scott Kirby and Sean McNealy each sold roughly 38,333-38,334 shares at about $10.31 per share. Although each transaction reduced the holder’s position by less than 0.5%, the cluster of sales may weigh on sentiment.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ABX. Geode Capital Management LLC bought a new stake in Abacus Global Management in the 4th quarter valued at $7,353,000. Intech Investment Management LLC acquired a new position in shares of Abacus Global Management during the fourth quarter worth about $96,000. Goldman Sachs Group Inc. bought a new position in shares of Abacus Global Management during the fourth quarter worth about $10,409,000. Franklin Resources Inc. acquired a new stake in Abacus Global Management in the 4th quarter valued at approximately $4,637,000. Finally, Deutsche Bank AG bought a new stake in Abacus Global Management in the 4th quarter valued at approximately $246,000.
About Abacus Global Management
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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