TD Cowen Reaffirms Their Buy Rating on Abacus Global Management (ABX)

In a report released today, Andrew Kligerman from TD Cowen maintained a Buy rating on Abacus Global Management, with a price target of $14.00.

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According to TipRanks, Kligerman is a 4-star analyst with an average return of 8.3% and a 57.83% success rate. Kligerman covers the Financial sector, focusing on stocks such as AFLAC, Prudential Financial, and Reinsurance Group.

In addition to TD Cowen, Abacus Global Management also received a Buy from Maxim Group’s Michael Diana in a report issued on March 16. However, on March 14, TipRanks – xAI 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, Sean McNealy, the Co-Founder and President of ABX sold 2,386.00 shares for a total of $19,994.68.