Focus Financial Partners Inc. (NASDAQ:FOCS) traded today at a new 52-week high of $60.01. Approximately 177,000 shares have changed hands today, as compared to an average 30-day volume of 429,000 shares.
Focus Financial Partners Inc is a partnership of independent, fiduciary wealth management firms operating in the highly fragmented RIA industry. It provides Mergers and acquisitions expertise and other services such as talent acquisition, marketing, regulatory advice, and business development. The company generates its revenue in the form of wealth management fees. Geographically, it derives a majority of revenue from the US and also has a presence in the United Kingdom, Canada, and Australia.
Focus Financial Partners Inc. share prices have moved between a 52-week high of $60.01 and a 52-week low of $35.55 and are now trading 69% above that low price at $59.95 per share.
Potential upside of 302.4% exists for Focus Financial Partners Inc., based on a current level of $59.95 and analysts’ average consensus price target of $241.23.
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