UP Fintech Holding Limited (NASDAQ:TIGR) Stock Has Consensus Target Price of $6.51

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have earned an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $6.51.

A number of brokerages recently weighed in on TIGR. Zacks Research upgraded UP Fintech to a “hold” rating in a research note on Monday, September 14th. Jefferies Financial Group reiterated a “buy” rating and issued a $7.70 target price on shares of UP Fintech in a research note on Thursday, August 27th. Wall Street Zen upgraded shares of UP Fintech from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Finally, Weiss Ratings lowered shares of UP Fintech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TIGR. Sparta 24 Ltd. raised its stake 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 buying an additional 482,607 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of UP Fintech by 129.8% during the first quarter. Renaissance Technologies LLC now owns 1,782,066 shares of the company’s stock worth $11,227,000 after acquiring an additional 1,006,566 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of UP Fintech during the second quarter valued at about $728,000. Bank of New York Mellon Corp increased its holdings in shares of UP Fintech by 7.5% during the first quarter. Bank of New York Mellon Corp now owns 79,336 shares of the company’s stock valued at $500,000 after acquiring an additional 5,564 shares in the last quarter. Finally, Profund Advisors LLC increased its holdings in shares of UP Fintech by 5.4% during the third quarter. Profund Advisors LLC now owns 70,111 shares of the company’s stock valued at $322,000 after acquiring an additional 3,592 shares in the last quarter. Institutional investors own 9.03% of the company’s stock.

UP Fintech Trading Up 1.0%

NASDAQ:TIGR opened at $3.91 on Tuesday. UP Fintech has a one year low of $3.76 and a one year high of $11.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $741.72 million, a P/E ratio of 6.63 and a beta of 0.42. The firm has a 50-day simple moving average of $4.57 and a 200-day simple moving average of $5.84.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. UP Fintech had a net margin of 16.22% and a return on equity of 13.11%. The firm had revenue of $182.27 million for the quarter, compared to the consensus estimate of $153.93 million. Equities analysts anticipate that UP Fintech will post 0.42 EPS for the current fiscal year.

About UP Fintech

UP Fintech Holding Limited, operating under the Tiger Brokers brand, is a technology-driven online brokerage serving investors in China and other international markets. The company provides digital investment and trading services through its Tiger Trade platform, which is designed to give individual investors access to global financial markets.

Its services include brokerage accounts, trading in stocks, exchange-traded funds, options and futures, as well as market data, research tools and other investment-related services.