Abacus Life, Inc. (ABL)
| Market Cap | 661.41M |
| Revenue (ttm) | 102.41M |
| Net Income (ttm) | -11.93M |
| Shares Out | 74.65M |
| EPS (ttm) | -0.19 |
| PE Ratio | n/a |
| Forward PE | 12.35 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 79,466 |
| Open | 8.44 |
| Previous Close | 8.43 |
| Day's Range | 8.40 - 9.21 |
| 52-Week Range | 6.53 - 13.25 |
| Beta | 0.15 |
| Analysts | Strong Buy |
| Price Target | 14.13 (+59.48%) |
| Earnings Date | Nov 7, 2024 |
About ABL
Abacus Life, Inc. operates as an alternative asset manager and market maker in the United States. It operates through three segments: Portfolio Servicing, Active Management, and Originations. The Portfolio Servicing segment provides policy services to customers on a contract basis. The Active Management segment is involved in buying, selling, and trading policies, as well as maintaining policies until receipt of death benefits. The Originations segment originates life insurance policy settlements between investors or buyers, and the sellers, wh... [Read more]
Financial Performance
In 2023, Abacus Life's revenue was $66.40 million, an increase of 48.50% compared to the previous year's $44.71 million. Earnings were $9.52 million, a decrease of -69.96%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for ABL stock is "Strong Buy." The 12-month stock price forecast is $14.13, which is an increase of 59.48% from the latest price.
News
Abacus Life, Inc. (ABL) Q3 2024 Earnings Call Transcript
Abacus Life, Inc. (NASDAQ:ABL) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Robert Phillips – Senior Vice President- Investor Relations and Corporate Affairs Jay ...
Abacus Life Reports Third Quarter 2024 Results
- Delivered Continued Revenue and Profitability Growth While Executing on Strategic Initiatives - - Third Quarter 2024 Total Revenue Grows 33% Year-over-Year to $28.1 Million - - Due to Non-Cash Incre...
Cambridge Savings Bank Extends New Credit Facility to Accelerate Growth for Fabrizia Spirits
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #SMBs--Cambridge Savings Bank has provided a new credit facility to Fabrizia Spirits, a leading citrus spirits manufacturer in the United States.
Abacus Life to Announce Third Quarter 2024 Financial Results on Thursday, November 7, 2024
ORLANDO, Fla., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading global alternative asset manager focused on lifespan-based financial products, t...
Abacus Life Policy Value Calculator Surpasses Milestone of 150,000 Policy Valuations
ORLANDO, Fla., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading global alternative asset manager focused on lifespan-based financial products, ...
Corey McLaren Joins Abacus Life (ABL) as Managing Director, Capital Markets
ORLANDO, Fla., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading global alternative asset manager focused on lifespan-based financial products, ...
Abacus Life and Lorisco Life Announce Launch of PREADISAN™ to Improve Health Predictions
ORLANDO, Fla and NEW YORK, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, and ...
Abacus Life, Inc. (ABL) Q2 2024 Earnings Call Transcript
Abacus Life, Inc. (NASDAQ:ABL) Q2 2024 Earnings Conference Call August 12, 2024 9:00 AM ET Company Participants Garrett Edson - Managing Director ICR Jay Jackson - Chief Executive Officer Bill McCaul...
Abacus Life Reports Second Quarter 2024 Results
- Second Quarter 2024 Total Revenue More Than Doubled Year-over-Year to $29.1 Million - - Net Income of $0.8 Million; Adjusted Net Income Grows 75% Year-over-Year to $11.8 Million - - Adjusted EBITDA ...
Abacus Life Provides Preliminary Second Quarter 2024 Results
- Expects Total Revenue Between $28.0 and $30.0 Million; Grows 146-163% Year-over-Year - - Expects Net Income Between $0.0 and $1.0 Million - - Expects Adjusted EBITDA Between $15.0 and $17.0 Million;...
Abacus Life Announces Agreement to Acquire Carlisle Management Company SCA
Acquisition accelerates Abacus' expansion as a global alternative asset manager and origination company Deal will add up to $2 billion in AUM to Abacus ORLANDO, Fla., July 18, 2024 (GLOBE NEWSWIRE) --...
Abacus Life Announces Closing of Public Offering of 11,500,000 Shares of Common Stock
ORLANDO, Fla., June 24, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology,...
Smith & Wesson Brands, Abacus Life And Other Big Stocks Moving Lower In Friday's Pre-Market Session
U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Friday.
Abacus Life Announces Pricing of Public Offering of Common Stock
ORLANDO, Fla., June 20, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology,...
Abacus Life Announces Proposed Public Offering of Common Stock
ORLANDO, Fla., June 13, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology,...
The Deal's 2023 Annual Ranking Shows Abacus Life (ABL) Leads Life Settlement Industry with 26% Market Share in Funds Paid to Clients
ORLANDO, Fla., June 06, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a pioneering alternative asset manager specializing in longevity and actuarial technology...
Abacus Life, Inc. (ABL) Q1 2024 Earnings Call Transcript
Abacus Life, Inc. (NASDAQ:ABL) Q1 2024 Earnings Conference Call May 13, 2024 9:00 AM ET Company Participants Garrett Edson - Investor Relations Jay Jackson - Chief Executive Officer Bill McCauley - C...
Abacus Life Reports First Quarter 2024 Results
- First Quarter 2024 Total Revenue More Than Doubled Year-over-Year to $21.5 Million - - Driven by 59% Year-over-Year Growth in Direct-to-Consumer Division - ORLANDO, Fla., May 13, 2024 (GLOBE NEWSWIR...
Fei Xue Appointed as Vice President of ABL Wealth at Abacus Life
Launched in 2023, ABL Wealth has Aggressive Expansion Plans and Unique Lifespan-Driven Financial Planning and Investment Offerings Launched in 2023, ABL Wealth has Aggressive Expansion Plans and Uniqu...
Abacus Life: Leader In Life Settlement Space
Abacus Life reported $79.6m of full-year revenue, growing 14% YoY, and $39.3m of adjusted EBITDA for the full year, growing 13% YoY. Abacus highlighted two key items coming in 2024 to drive growth: th...
Elena Plesco Joins Abacus Life (ABL) as Chief Capital Officer
ORLANDO, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset ma...
Abacus Life, Inc. (ABL) Q4 2023 Earnings Call Transcript
Abacus Life, Inc. (ABL) Q4 2023 Earnings Call Transcript
Abacus Life Reports Fourth Quarter and Full Year 2023 Results
- Fourth Quarter 2023 Total Revenue Grew 25% Year-over-Year to $23.6 Million - - Increased Originations Capital Deployment by 92% Year-over-Year to $68.3 Million - - Increased Originations Capital Dep...
Abacus Life to Announce Fourth Quarter 2023 Financial Results on Thursday, March 21, 2024
ORLANDO, Fla., March 12, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies and vertically integrated alternative asset ma...
Glancy Prongay & Murray LLP Announces Investigation of Abacus Life, Inc. (ABL)
NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Abacus Life, Inc. (Nasdaq: ABL) concerning the Company and its directors' and officers' possible violation...