UP Fintech Holding Limited (TIGR) – What Are Researchers Thinking About This Stock?

UP Fintech Holding Limited (NASDAQ:TIGR) has received an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.51.

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of UP Fintech to a “hold” rating in a research note on Monday, September 14th. Wall Street Zen raised shares of UP Fintech from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $7.70 price target on shares of UP Fintech in a research report on Thursday, August 27th. Finally, Weiss Ratings downgraded UP Fintech from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Profund Advisors LLC grew its stake in shares of UP Fintech by 5.4% in the 3rd quarter. Profund Advisors LLC now owns 70,111 shares of the company’s stock worth $322,000 after acquiring an additional 3,592 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of UP Fintech by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 79,336 shares of the company’s stock valued at $500,000 after purchasing an additional 5,564 shares during the last quarter. ABN Amro Investment Solutions raised its holdings in shares of UP Fintech by 52.0% in the first quarter. ABN Amro Investment Solutions now owns 22,792 shares of the company’s stock valued at $144,000 after purchasing an additional 7,800 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of UP Fintech by 35.4% during the second quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock valued at $165,000 after purchasing an additional 9,800 shares in the last quarter. Finally, IPG Investment Advisors LLC lifted its position in shares of UP Fintech by 66.4% during the second quarter. IPG Investment Advisors LLC now owns 26,370 shares of the company’s stock valued at $116,000 after purchasing an additional 10,520 shares in the last quarter. 9.03% of the stock is owned by institutional investors and hedge funds.

UP Fintech Stock Performance

NASDAQ:TIGR opened at $3.95 on Tuesday. The company has a market capitalization of $749.32 million, a PE ratio of 6.70 and a beta of 0.65. The company has a 50 day simple moving average of $4.44 and a two-hundred day simple moving average of $5.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.10. UP Fintech has a fifty-two week low of $3.61 and a fifty-two week high of $11.35.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. UP Fintech had a net margin of 16.22% and a return on equity of 13.11%. The firm had revenue of $182.27 million for the quarter, compared to the consensus estimate of $153.93 million. Research analysts anticipate that UP Fintech will post 0.42 earnings per share for the current year.

UP Fintech Company Profile

UP Fintech Holding Limited, operating under the Tiger Brokers brand, is a technology-driven online brokerage serving investors in China and other international markets. The company provides digital investment and trading services through its Tiger Trade platform, which is designed to give individual investors access to global financial markets.

Its services include brokerage accounts, trading in stocks, exchange-traded funds, options and futures, as well as market data, research tools and other investment-related services.