UP Fintech Holding Limited (NASDAQ:TIGR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $9.2325.

Several brokerages have recently weighed in on TIGR. Citigroup lowered their price target on shares of UP Fintech to $7.10 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th. Bank of America reaffirmed a “buy” rating on shares of UP Fintech in a research report on Monday. Finally, Wall Street Zen cut shares of UP Fintech from a “hold” rating to a “sell” rating in a research report on Saturday.

UP Fintech Trading Down 5.9%

Shares of TIGR stock opened at $4.48 on Friday. The company’s 50-day moving average price is $6.17 and its 200-day moving average price is $7.70. The company has a current ratio of 1.10, a quick ratio of 1.12 and a debt-to-equity ratio of 0.06. The stock has a market cap of $849.86 million, a price-to-earnings ratio of 7.47, a PEG ratio of 0.32 and a beta of 0.45. UP Fintech has a twelve month low of $4.00 and a twelve month high of $13.55.

UP Fintech (NASDAQ:TIGR) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The firm had revenue of $156.54 million for the quarter, compared to analysts’ expectations of $142.01 million. UP Fintech had a net margin of 17.64% and a return on equity of 13.90%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Sparta 24 Ltd. lifted its position in UP Fintech by 9.1% in the first quarter. Sparta 24 Ltd. now owns 5,808,267 shares of the company’s stock valued at $36,592,000 after buying an additional 482,607 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in UP Fintech by 66.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,408,122 shares of the company’s stock valued at $57,705,000 after buying an additional 2,161,023 shares during the last quarter. Capital International Investors acquired a new position in UP Fintech in the fourth quarter valued at about $47,855,000. Jupiter Asset Management Ltd. lifted its position in UP Fintech by 157.3% in the fourth quarter. Jupiter Asset Management Ltd. now owns 4,216,229 shares of the company’s stock valued at $40,307,000 after buying an additional 2,577,459 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in UP Fintech by 122.6% in the second quarter. Bank of America Corp DE now owns 2,282,337 shares of the company’s stock valued at $22,025,000 after buying an additional 1,257,251 shares during the last quarter. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Company Profile

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.