Focus Financial Partners Inc (FOCS) Sees Significant Growth in Short Interest

Focus Financial Partners Inc (NASDAQ:FOCS) saw a significant increase in short interest during the month of September. As of September 28th, there was short interest totalling 1,819,592 shares, an increase of 50.8% from the September 14th total of 1,206,230 shares. Currently, 7.7% of the shares of the company are sold short. Based on an average daily volume of 554,057 shares, the days-to-cover ratio is presently 3.3 days.

In other Focus Financial Partners news, Director Deborah D. Mcwhinney purchased 3,000 shares of the stock in a transaction dated Monday, July 30th. The shares were bought at an average cost of $33.00 per share, with a total value of $99,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several equities research analysts have recently issued reports on FOCS shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $49.00 price target on shares of Focus Financial Partners in a research report on Friday, August 24th. William Blair started coverage on Focus Financial Partners in a research report on Monday, August 20th. They issued a “market perform” rating on the stock. Goldman Sachs Group started coverage on Focus Financial Partners in a research report on Monday, August 20th. They issued a “neutral” rating and a $42.00 price target on the stock. Finally, Bank of America started coverage on Focus Financial Partners in a research report on Monday, August 20th. They issued a “neutral” rating and a $42.00 price target on the stock.

Shares of NASDAQ:FOCS opened at $40.56 on Friday. Focus Financial Partners has a 52-week low of $35.01 and a 52-week high of $49.51. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of -2.00.

Focus Financial Partners (NASDAQ:FOCS) last issued its quarterly earnings results on Tuesday, August 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The business had revenue of $231.44 million during the quarter, compared to analyst estimates of $224.60 million. As a group, sell-side analysts anticipate that Focus Financial Partners will post 1.16 earnings per share for the current fiscal year.

About Focus Financial Partners

Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.

Further Reading: Fundamental Analysis and Individual Investors

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