$8.94+0.23 (+2.64%)
Abacus Global Management, Inc.
Abacus Global Management, Inc. in the Financial Services sector is trading at $8.94 with a market capitalization of $796M. Wall Street consensus targets $13.58 (6 analysts), implying a +51.9% move over the next 12 months. The stock is currently 15% below its 52-week high of $10.54, remaining 15.8% above its 200-day moving average. On fundamentals, Piotroski 5/9 shows mixed financial quality, Altman Z in the distress zone. The Whystock Score of 85/100 reflects bullish alignment across trend, valuation and analyst targets.
Simplified model based on P/E and ROE. Not a substitute for full valuation analysis. Data may be delayed. See our Terms.
Abacus Global Management, Inc. operates as an alternative asset manager and market maker in the United States, Luxembourg, and internationally. The company operates in three segments: Asset Management, Life Solutions, and Technology Services segments...
Abacus Global Management (NYSE:ABX) has been named to TIME magazine's World's Growth Leaders of 2026, a new ranking produced in partnership with data analytics firm Statista. The list identifies the top 1,000 public companies worldwide based on revenue growth, market performance, and...
Here is how Abacus Global Management, Inc. (ABX) and ACNB (ACNB) have performed compared to their sector so far this year.
Abacus Global Management (NYSE:ABX) has entered into a strategic alliance agreement with diversified wealth and asset management firm Manning & Napier, alongside closing a minority equity investment in the company, the firms announced. Abacus joins Callodine Group and East Asset...
Abacus Global Management CEO Jay Jackson joined Steve Darling from Proactive to discuss the company’s strong first-quarter financial results and increased full-year guidance as momentum continues across its longevity-focused investment platform. Abacus reported first-quarter revenue of $59.4 million, representing a 35% increase from $44.1 million in the same period last year. Growth was driven primarily by continued expansion in the company’s Life Solutions segment. GAAP net income increased 59% year over year to $7.3 million, while adjusted net income rose 17% to $20.1 million. Adjusted earnings per share improved to $0.21 from $0.18 a year earlier, and adjusted EBITDA climbed 33.3% to $32.7 million. The company also generated strong cash flow during the quarter, with operating cash flow totaling $91.7 million compared to negative $61.6 million in the prior-year period. Management attributed the improvement to increased cash generation tied to expanding assets under management. Gross assets under management reached approximately $3.6 billion, supported by $378 million in gross capital inflows. Assets under management within Abacus’s longevity income funds grew nearly fourfold year over year to approximately $1 billion, while origination capital deployment increased 30% to $163.6 million. Jackson noted that the company’s longevity-based assets continue attracting institutional demand because they are “structurally uncorrelated to credit and equity cycles,” providing diversification benefits in varying market environments. Strategically, Abacus continues advancing several major initiatives, including its previously announced agreement to acquire an approximately $53 million minority stake in Manning & Napier, which manages roughly $18 billion in assets. The companies also plan to establish a strategic alliance focused on product distribution, referrals, and joint product development. The transaction is expected to close during the second quarter, pending regulatory approvals and customary closing conditions. As of March 31, the company reported cash and cash equivalents of $37.2 million and total outstanding debt of $330 million, net of deferred issuance costs and discounts. For the second quarter, management forecasts adjusted net income between $24 million and $26 million and adjusted EPS ranging from $0.24 to $0.26. #proactiveinvestors #abacusglobalmanagement #nasdaq #abl #EarningsBeat #FinancialGrowth #LifeSettlements #InvestorDemand #CashFlow #AssetManagement #Finance #Investing #AssetManagement #LifeSettlements #CapitalMarkets #FinancialResults #Growth #Investments #WealthManagement
The mean of analysts' price targets for Abacus Global Management, Inc. (ABX) points to a 43.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.