UP Fintech Holding Limited (NASDAQ:TIGR) Receives $11.83 Average PT from Brokerages

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $11.8325.

A number of analysts have commented on the stock. The Goldman Sachs Group reaffirmed a “sell” rating and set a $4.73 price objective on shares of UP Fintech in a research note on Friday, December 5th. Wall Street Zen lowered UP Fintech from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Citigroup raised their price objective on shares of UP Fintech to $17.50 and gave the company a “buy” rating in a research report on Friday, December 5th. UBS Group initiated coverage on shares of UP Fintech in a research note on Thursday, October 23rd. They set a “buy” rating and a $13.10 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a research note on Wednesday, January 21st.

Hedge Funds Weigh In On UP Fintech

Several large investors have recently added to or reduced their stakes in the company. Sparta 24 Ltd. increased its position in shares of UP Fintech by 71.2% during the second quarter. Sparta 24 Ltd. now owns 6,260,946 shares of the company’s stock valued at $60,418,000 after purchasing an additional 2,603,842 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in UP Fintech by 66.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,408,122 shares of the company’s stock worth $57,705,000 after buying an additional 2,161,023 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in UP Fintech in the 2nd quarter valued at $24,456,000. Bank of America Corp DE increased its holdings in UP Fintech by 122.6% in the 2nd 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 period. Finally, National Bank of Canada FI raised its stake in shares of UP Fintech by 450.4% in the 3rd quarter. National Bank of Canada FI now owns 1,976,720 shares of the company’s stock valued at $21,092,000 after buying an additional 1,617,600 shares in the last quarter. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Stock Performance

UP Fintech stock opened at $8.15 on Friday. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.25 and a beta of 0.49. UP Fintech has a fifty-two week low of $6.38 and a fifty-two week high of $13.55. The stock’s fifty day moving average is $9.12 and its two-hundred day moving average is $9.96.

UP Fintech (NASDAQ:TIGR) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.08. The business had revenue of $175.16 million for the quarter, compared to analyst estimates of $132.76 million. UP Fintech had a net margin of 27.42% and a return on equity of 21.09%. During the same period in the prior year, the firm posted $0.11 EPS.

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.