Abacus Global Management (ABX) Receives a Buy from Maxim Group

Maxim Group analyst Michael Diana reiterated a Buy rating on Abacus Global Management yesterday and set a price target of $15.00. The company’s shares closed yesterday at $9.92.

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Diana covers the Financial sector, focusing on stocks such as Cullen/Frost Bankers, Customers Bancorp, and LendingClub. According to TipRanks, Diana has an average return of 0.0% and a 49.19% success rate on recommended stocks.

In addition to Maxim Group, Abacus Global Management also received a Buy from TipRanks – Google’s Google Insurance – Life in a report issued on March 14. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Abacus Global Management (NYSE: ABX).

Based on Abacus Global Management’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $71.9 million and a net profit of $7.23 million. In comparison, last year the company earned a revenue of $33.21 million and had a GAAP net loss of $18.26 million

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ABX in relation to earlier this year. Last month, Kevin Scott Kirby, the Co-Founder and President of ABX sold 2,386.00 shares for a total of $19,994.68.