UP Fintech Target of Unusually Large Options Trading (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of some unusual options trading on Tuesday. Investors bought 24,253 call options on the stock. This represents an increase of approximately 58% compared to the typical daily volume of 15,348 call options.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a research note on Wednesday, January 21st. The Goldman Sachs Group restated a “sell” rating and issued a $4.73 price target on shares of UP Fintech in a report on Friday, December 5th. Finally, Citigroup upped their price target on shares of UP Fintech to $17.50 and gave the stock a “buy” rating in a research report on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, UP Fintech has a consensus rating of “Moderate Buy” and an average price target of $11.83.

UP Fintech Trading Down 2.3%

Shares of NASDAQ:TIGR opened at $7.60 on Thursday. The company has a market capitalization of $1.42 billion, a PE ratio of 9.16, a P/E/G ratio of 0.24 and a beta of 0.43. UP Fintech has a 12-month low of $6.38 and a 12-month high of $13.55. The business’s fifty day simple moving average is $8.58 and its 200-day simple moving average is $9.57.

Hedge Funds Weigh In On UP Fintech

A number of large investors have recently added to or reduced their stakes in the company. Dorsey Wright & Associates lifted its position in shares of UP Fintech by 2.6% during the fourth quarter. Dorsey Wright & Associates now owns 204,132 shares of the company’s stock valued at $1,952,000 after buying an additional 5,144 shares during the last quarter. XTX Topco Ltd grew its position in shares of UP Fintech by 615.1% in the 4th quarter. XTX Topco Ltd now owns 78,916 shares of the company’s stock worth $754,000 after buying an additional 67,881 shares during the last quarter. Numerai GP LLC purchased a new position in shares of UP Fintech in the 4th quarter worth approximately $329,000. Oxford Asset Management LLP bought a new position in shares of UP Fintech during the 4th quarter worth approximately $232,000. Finally, Man Group plc raised its stake in shares of UP Fintech by 6.5% during the 4th quarter. Man Group plc now owns 1,906,970 shares of the company’s stock worth $18,231,000 after acquiring an additional 116,424 shares in the last quarter. 9.03% of the stock is currently owned by institutional investors.

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.