Abacus Global Management (NYSE:ABX – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.260-0.280 for the period, compared to the consensus EPS estimate of 0.270. The company issued revenue guidance of -. Abacus Global Management also updated its FY 2026 guidance to 1.000-1.050 EPS.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on ABX shares. Piper Sandler upped their price target on shares of Abacus Global Management from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Texas Capital raised shares of Abacus Global Management to a “strong-buy” rating in a research note on Tuesday, June 9th. Wall Street Zen cut Abacus Global Management from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Abacus Global Management in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.00.
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Abacus Global Management Stock Performance
Insider Transactions at Abacus Global Management
In related news, major shareholder Kevin Scott Kirby sold 38,334 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $10.31, for a total value of $395,223.54. Following the completion of the transaction, the insider directly owned 12,610,305 shares of the company’s stock, valued at approximately $130,012,244.55. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Matthew Ganovsky sold 38,333 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $10.31, for a total transaction of $395,213.23. Following the transaction, the insider owned 8,755,260 shares in the company, valued at approximately $90,266,730.60. The trade was a 0.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,000 shares of company stock worth $1,185,650 in the last 90 days. Corporate 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.
Hedge Funds Weigh In On Abacus Global Management
A number of institutional investors have recently bought and sold shares of the business. Zacks Investment Management bought a new position in Abacus Global Management during the fourth quarter worth $184,000. Janus Henderson Group PLC bought a new position in shares of Abacus Global Management in the fourth quarter valued at about $186,000. Price T Rowe Associates Inc. MD bought a new position in shares of Abacus Global Management in the fourth quarter valued at about $185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Abacus Global Management during the 4th quarter worth about $161,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Abacus Global Management during the 4th quarter worth about $207,000.
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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