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

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $11.8325.

TIGR has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a report on Wednesday, January 21st. Citigroup boosted 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. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $4.73 target price on shares of UP Fintech in a research note on Friday, December 5th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. raised its holdings in shares of UP Fintech by 2,580.9% in the third quarter. Citigroup Inc. now owns 1,077,258 shares of the company’s stock valued at $11,494,000 after acquiring an additional 1,037,076 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in UP Fintech in the third quarter worth about $3,792,000. Arrowstreet Capital Limited Partnership grew its holdings in UP Fintech by 282.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,247,099 shares of the company’s stock worth $31,335,000 after acquiring an additional 2,397,261 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in UP Fintech during the 3rd quarter valued at about $3,198,000. Finally, Jump Financial LLC purchased a new position in UP Fintech during the 2nd quarter valued at about $12,993,000. Institutional investors own 9.03% of the company’s stock.

UP Fintech Stock Down 2.1%

Shares of NASDAQ:TIGR opened at $6.07 on Monday. The firm has a market capitalization of $1.13 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 0.22 and a beta of 0.43. The business has a 50 day simple moving average of $7.85 and a two-hundred day simple moving average of $9.12. UP Fintech has a 1 year low of $6.06 and a 1 year high of $13.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.12.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. UP Fintech had a return on equity of 21.87% and a net margin of 28.82%.The firm had revenue of $156.54 million for the quarter, compared to the consensus estimate of $142.01 million.

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.