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

UP Fintech Holding Limited (NASDAQ:TIGR) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently 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 target price among brokers that have covered the stock in the last year is $9.2325.

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a report on Monday, April 20th. Bank of America reiterated a “buy” rating on shares of UP Fintech in a report on Monday, June 1st. Wall Street Zen lowered UP Fintech from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Finally, Citigroup decreased their target price on UP Fintech to $7.10 and set a “buy” rating for the company in a report on Wednesday, June 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sparta 24 Ltd. boosted its holdings 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 purchasing an additional 482,607 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings 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 purchasing an additional 2,161,023 shares during the period. Capital International Investors purchased a new position in UP Fintech in the fourth quarter valued at $47,855,000. Jupiter Asset Management Ltd. boosted its holdings 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 purchasing an additional 2,577,459 shares during the period. Finally, Bank of America Corp DE boosted its holdings 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 purchasing an additional 1,257,251 shares during the period. 9.03% of the stock is currently owned by hedge funds and other institutional investors.

UP Fintech Trading Down 0.6%

TIGR opened at $4.77 on Friday. UP Fintech has a 52 week low of $4.00 and a 52 week high of $13.55. The business has a fifty day simple moving average of $6.02 and a 200-day simple moving average of $7.57. The firm has a market cap of $904.87 million, a P/E ratio of 7.95 and a beta of 0.45. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.06.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings results on Thursday, March 19th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. UP Fintech had a return on equity of 13.90% and a net margin of 17.64%.The business had revenue of $156.54 million during the quarter, compared to analyst estimates of $142.01 million.

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.