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

UP Fintech Holding Limited (NASDAQ:TIGR) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.2325.

TIGR has been the subject of a number of research reports. Citigroup cut their price objective on shares of UP Fintech to $7.10 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Wall Street Zen cut shares of UP Fintech from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th. Finally, Bank of America reissued a “buy” rating on shares of UP Fintech in a research report on Monday, June 1st.

UP Fintech Price Performance

Shares of UP Fintech stock opened at $4.40 on Wednesday. UP Fintech has a 52-week low of $4.00 and a 52-week high of $13.55. The stock has a market capitalization of $834.68 million, a price-to-earnings ratio of 7.33 and a beta of 0.45. The company has a fifty day moving average of $5.51 and a 200-day moving average of $7.20. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.10.

Insiders Place Their Bets

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

Institutional Investors Weigh In On UP Fintech

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in UP Fintech during the 2nd quarter valued at $33,000. GeoWealth Management LLC purchased a new stake in UP Fintech during the 4th quarter valued at $35,000. Brooklyn Investment Group purchased a new stake in UP Fintech during the 4th quarter valued at $94,000. Stonehaven Wealth & Tax Solutions LLC purchased a new stake in UP Fintech during the 4th quarter valued at $100,000. Finally, Hsbc Holdings PLC purchased a new stake in UP Fintech during the 1st quarter valued at $67,000. Hedge funds and other institutional investors 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.