Long Position on FOCS @ $30.00 on 6/22/2020 (Fundamentals)

Focus Financial Partners Inc. (FOCS) provides wealth management services to primarily high net worth individuals and families.

Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services.

The company also offers recordkeeping and administration services; recommends financial products through commissions; and sells investment or insurance products.

Focus Financial Partners Inc reported 1st Quarter March 2020 earnings of $0.69 per share on revenue of $337.1 million. The consensus earnings estimate was $0.60 per share on revenue of $323.3 million. Revenue grew 29.7% on a year-over-year basis.

The stock's "bullish wedge" formation suggests that this stock is ready to move higher.

Entry point: $30.00

52-week trade range: $12.17 - $34.96

Stop/Loss: $28.50

Target Price: $33.00

Updates

6/30/2020 11:01:10 AM

FOCS closed at $33.

Position closed on 6/30/2020 at price of $33.00 with a 10.00% gain in 8 days.

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