Abacus Global Management (NYSE:ABX – Get Free Report) had its target price upped by investment analysts at Piper Sandler from $10.00 to $13.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 17.20% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Texas Capital raised Abacus Global Management to a “strong-buy” rating in a report on Tuesday, June 9th. Wall Street Zen cut shares of Abacus Global Management from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Abacus Global Management in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.
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Abacus Global Management Stock Performance
Hedge Funds Weigh In On Abacus Global Management
Institutional investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. purchased a new position in Abacus Global Management during the 4th quarter worth $17,554,000. Mendon Capital Advisors Corp acquired a new position in shares of Abacus Global Management during the fourth quarter worth about $17,207,000. Royce & Associates LP purchased a new position in Abacus Global Management during the fourth quarter worth about $16,992,000. Goldman Sachs Group Inc. purchased a new position in Abacus Global Management during the fourth quarter worth about $10,409,000. Finally, Alta Fundamental Advisers LLC acquired a new stake in Abacus Global Management in the fourth quarter valued at about $9,385,000.
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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