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

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. One equities 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 price target among brokerages that have issued a report on the stock in the last year is $11.8325.

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

UP Fintech Stock Performance

Shares of TIGR stock opened at $8.54 on Friday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.27 and a beta of 0.29. UP Fintech has a 52-week low of $6.38 and a 52-week high of $13.55. The company has a 50-day simple moving average of $9.16 and a two-hundred day simple moving average of $10.04.

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

Hedge Funds Weigh In On UP Fintech

Institutional investors have recently bought and sold shares of the company. Sparta 24 Ltd. grew its holdings in 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 grew its stake in shares of UP Fintech by 66.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,408,122 shares of the company’s stock worth $57,705,000 after acquiring an additional 2,161,023 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in UP Fintech in the 2nd quarter worth about $24,456,000. Bank of America Corp DE raised its stake 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 acquiring an additional 1,257,251 shares during the period. Finally, National Bank of Canada FI lifted its holdings in UP Fintech by 450.4% during the third quarter. National Bank of Canada FI now owns 1,976,720 shares of the company’s stock valued at $21,092,000 after purchasing an additional 1,617,600 shares during the last quarter. 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.