Focus Financial Partners Inc’s Quiet Period To End on September 4th (NASDAQ:FOCS)

Focus Financial Partners’ (NASDAQ:FOCS) quiet period is set to expire on Tuesday, September 4th. Focus Financial Partners had issued 16,216,217 shares in its public offering on July 26th. The total size of the offering was $535,135,161 based on an initial share price of $33.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Several equities analysts have weighed in on the stock. BMO Capital Markets assumed coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They set an “outperform” rating on the stock. Bank of America assumed coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They set a “neutral” rating and a $42.00 price target on the stock. Goldman Sachs Group assumed coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They set a “neutral” rating and a $42.00 price target on the stock. Finally, William Blair assumed coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They set a “market perform” rating on the stock.

Focus Financial Partners stock opened at $39.83 on Tuesday. Focus Financial Partners has a 1 year low of $35.01 and a 1 year high of $42.99.

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

About Focus Financial Partners

There is no company description available for Focus Financial Partners Inc

Further Reading: Fundamental Analysis – How It Helps Investors

Receive News & Ratings for Focus Financial Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Focus Financial Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply