Brokerages Set UP Fintech Holding Limited (NASDAQ:TIGR) Target Price at $12.13

UP Fintech Holding Limited (NASDAQ:TIGR) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.1250.

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of UP Fintech in a report on Monday, September 29th. They issued a “buy” rating and a $12.00 target price for the company. Wall Street Zen downgraded shares of UP Fintech from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup upgraded shares of UP Fintech from a “neutral” rating to a “buy” rating and boosted their target price for the company from $9.50 to $14.00 in a report on Tuesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a report on Wednesday, October 8th. Finally, UBS Group assumed coverage on shares of UP Fintech in a report on Thursday, October 23rd. They issued a “buy” rating and a $13.10 target price for the company.

Institutional Investors Weigh In On UP Fintech

Several institutional investors have recently bought and sold shares of TIGR. Sparta 24 Ltd. grew its stake in UP Fintech by 71.2% during the second quarter. Sparta 24 Ltd. now owns 6,260,946 shares of the company’s stock worth $60,418,000 after buying an additional 2,603,842 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of UP Fintech during the second quarter worth $24,456,000. Arrowstreet Capital Limited Partnership lifted its position in shares of UP Fintech by 282.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,247,099 shares of the company’s stock worth $31,335,000 after purchasing an additional 2,397,261 shares in the last quarter. Jump Financial LLC acquired a new position in shares of UP Fintech during the second quarter worth $12,993,000. Finally, Bank of America Corp DE lifted its position in shares of UP Fintech by 122.6% during the second quarter. Bank of America Corp DE now owns 2,282,337 shares of the company’s stock worth $22,025,000 after purchasing an additional 1,257,251 shares in the last quarter. 9.03% of the stock is currently owned by hedge funds and other institutional investors.

UP Fintech Stock Performance

UP Fintech stock opened at $10.58 on Friday. UP Fintech has a 1 year low of $5.36 and a 1 year high of $13.55. The firm has a 50 day moving average price of $10.89 and a 200 day moving average price of $9.71. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.68 and a beta of 0.55.

UP Fintech Company Profile

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.