UP Fintech Holding Limited (NASDAQ:TIGR) Receives Consensus Rating of “Moderate Buy” from Analysts

UP Fintech Holding Limited (NASDAQ:TIGR) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.2325.

A number of equities analysts have recently issued reports on TIGR shares. Wall Street Zen downgraded UP Fintech from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Bank of America reiterated a “buy” rating on shares of UP Fintech in a report on Monday, June 1st. Finally, Citigroup decreased their target price on shares of UP Fintech to $7.10 and set a “buy” rating for the company in a research report on Wednesday, June 3rd.

Insider Activity

In other news, Director Jian Liu sold 9,333 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $4.60, for a total value of $42,931.80. Following the sale, the director directly owned 62,665 shares of the company’s stock, valued at approximately $288,259. This represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 50.90% of the company’s stock.

Hedge Funds Weigh In On UP Fintech

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in UP Fintech during the second quarter valued at $33,000. GeoWealth Management LLC acquired a new stake in UP Fintech during the 4th quarter worth about $35,000. Brooklyn Investment Group bought a new position in shares of UP Fintech in the 4th quarter worth about $94,000. Hsbc Holdings PLC bought a new position in shares of UP Fintech in the 1st quarter worth about $67,000. Finally, Quarry LP acquired a new position in shares of UP Fintech in the 3rd quarter valued at about $121,000. Institutional investors own 9.03% of the company’s stock.

UP Fintech Stock Performance

NASDAQ TIGR opened at $5.46 on Thursday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 9.10 and a beta of 0.48. UP Fintech has a twelve month low of $4.00 and a twelve month high of $13.42. The stock has a fifty day simple moving average of $4.77 and a 200 day simple moving average of $5.95. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.06.

About UP Fintech

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.