B. Riley's Pessimistic Earnings Outlook for Abacus Life

On March 25th, 2025, research analysts from B. Riley shared their revised earnings projections for Abacus Life, Inc. (NASDAQ:ABL). In a report released on March 21, analyst R. Binner lowered the estimate for the first quarter of 2025 earnings per share (EPS) from $0.16 to $0.15. This change reflects B. Riley's cautious stance on the company's near-term performance. Despite the adjustment, B. Riley maintains a "Buy" rating on the stock, along with a price target of $15.00. The consensus among analysts indicates that Abacus Life is expected to achieve a full-year EPS of $0.62.

Current Stock Performance of Abacus Life

As of Monday, Abacus Life's stock opened at $7.52, experiencing a decline of 1.6%. The company has a market capitalization of approximately $726.77 million and a price-to-earnings (P/E) ratio of -41.78. The stock's performance over the past year shows a low of $6.75 and a high of $12.50. Analyzing further, the stock's 50-day simple moving average stands at $7.62, with a longer-term 200-day simple moving average at $8.35. The company also has a debt-to-equity ratio of 0.65 and both a quick and current ratio of 1.29, indicating stable liquidity.

Recent Institutional Trading Activity

In recent months, there has been significant activity among institutional investors with respect to Abacus Life. Geneos Wealth Management Inc. initiated a new position in the fourth quarter valued at $110,000. Additionally, Squarepoint Ops LLC took a new stake worth approximately $113,000. One notable increase in investment came from JPMorgan Chase & Co., which raised its stake by an impressive 640.9%, now owning 16,670 shares valued at $131,000 following the purchase of 14,420 additional shares. LPL Financial LLC also boosted its investment by 31%, now holding 23,288 shares worth $182,000 after acquiring an extra 5,507 shares in the same quarter. Finally, XTX Topco Ltd established a new position valued at around $193,000.

About Abacus Life, Inc.

Abacus Life, Inc. operates within the financial industry as an alternative asset manager focusing on life insurance products. The company specializes in purchasing life insurance policies from individuals looking for liquidity and actively manages these policies over time through trading and servicing. Founded in 2004, Abacus Life is headquartered in Orlando, Florida.

Abacus, Earnings, Stocks