UP Fintech Holding Limited (NASDAQ:TIGR) Receives Average Rating of “Hold” from Brokerages

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $11.8325.

TIGR has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a “sell” rating and set a $4.73 price target on shares of UP Fintech in a research report on Friday, December 5th. Citigroup boosted their price objective on UP Fintech to $17.50 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research note on Wednesday, January 21st.

Institutional Investors Weigh In On UP Fintech

Several hedge funds have recently bought and sold shares of TIGR. 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 purchasing an additional 2,161,023 shares during the period. Capital International Investors purchased a new position in shares of UP Fintech during the 4th quarter valued at approximately $47,855,000. Jupiter Asset Management Ltd. lifted its stake in shares of UP Fintech by 157.3% in the 4th 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. Bank of America Corp DE boosted its holdings in UP Fintech by 122.6% during the second quarter. Bank of America Corp DE now owns 2,282,337 shares of the company’s stock worth $22,025,000 after buying an additional 1,257,251 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in UP Fintech by 128.5% during the fourth quarter. Marshall Wace LLP now owns 2,019,197 shares of the company’s stock worth $19,304,000 after buying an additional 1,135,587 shares in the last quarter. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Stock Down 3.8%

TIGR stock opened at $6.57 on Monday. The firm’s fifty day simple moving average is $8.15 and its 200-day simple moving average is $9.28. The company has a market capitalization of $1.23 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 0.20 and a beta of 0.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.12. UP Fintech has a 12 month low of $6.38 and a 12 month high of $13.55.

UP Fintech (NASDAQ:TIGR) last issued its earnings results on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. The firm had revenue of $156.54 million during the quarter, compared to analysts’ expectations of $142.01 million. UP Fintech had a net margin of 28.82% and a return on equity of 21.87%.

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.