Street Calls of the Week
ORLANDO - Abacus Global Management, Inc. (NASDAQ:ABL), a $601 million market cap company with strong revenue growth of nearly 70% in the last twelve months, has been added to the Russell 2000® and Russell 3000® indexes, effective from the opening of U.S. equity markets on Monday, according to a company press release.
The alternative asset management firm’s inclusion comes as part of the 2025 Russell indexes reconstitution. Membership in the Russell 2000 automatically includes the company in the Russell 3000 Index and the corresponding growth and value style indexes.
"Inclusion in these Russell indices marks an important milestone in our company’s journey," said Jay Jackson, Chairman and Chief Executive Officer of Abacus. According to InvestingPro analysis, the company appears undervalued compared to its Fair Value, with analysts setting price targets between $10 and $15.
The Russell indexes serve as benchmarks for investment managers and institutional investors, with approximately $10.6 trillion in assets benchmarked against Russell’s U.S. indexes. FTSE Russell administers these widely used indexes for index funds and active investment strategies.
Abacus Global Management specializes in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services, with a focus on longevity-based assets and personalized financial planning. The company maintains a robust gross profit margin of 88%, though InvestingPro analysis reveals several key metrics and insights available to subscribers, including detailed financial health scores and comprehensive valuation metrics in the Pro Research Report.
In other recent news, Abacus Life Inc. reported a remarkable 93% increase in revenue for the second quarter of 2025, reaching $56.2 million. Alongside this, the company saw an 87% rise in adjusted net income, totaling $21.9 million. These strong financial results have led Abacus Life to revise its full-year adjusted net income guidance upwards to a range of $74 million to $80 million, suggesting a projected year-over-year growth of 59% to 72%. Despite these positive figures, the stock saw a slight decline. These developments highlight the company’s robust performance in the recent quarter. Investors may find these results noteworthy as they reflect significant growth and an optimistic outlook for the year.
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