UP Fintech (NASDAQ:TIGR) Director Jian Liu Sells 9,333 Shares

UP Fintech Holding Limited (NASDAQ:TIGR) Director Jian Liu sold 9,333 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $4.60, for a total transaction of $42,931.80. Following the transaction, the director owned 62,665 shares of the company’s stock, valued at approximately $288,259. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

UP Fintech Price Performance

Shares of TIGR opened at $4.52 on Tuesday. The company has a 50 day moving average of $5.57 and a two-hundred day moving average of $7.24. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.06. UP Fintech Holding Limited has a twelve month low of $4.00 and a twelve month high of $13.55. The company has a market cap of $857.44 million, a price-to-earnings ratio of 7.53 and a beta of 0.46.

Analysts Set New Price Targets

Several brokerages recently issued reports on TIGR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th. Wall Street Zen lowered UP Fintech from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Bank of America restated a “buy” rating on shares of UP Fintech in a report on Monday, June 1st. Finally, Citigroup lowered their target price on shares of UP Fintech to $7.10 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.23.

Institutional Trading of UP Fintech

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers raised its holdings in shares of UP Fintech by 2.8% during the second quarter. Cetera Investment Advisers now owns 50,173 shares of the company’s stock worth $484,000 after purchasing an additional 1,385 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in UP Fintech in the second quarter valued at $4,441,000. Diversify Advisory Services LLC boosted its holdings in UP Fintech by 42.4% in the second quarter. Diversify Advisory Services LLC now owns 54,651 shares of the company’s stock valued at $552,000 after purchasing an additional 16,271 shares during the last quarter. Diversify Wealth Management LLC grew its position in UP Fintech by 29.1% during the 2nd quarter. Diversify Wealth Management LLC now owns 177,706 shares of the company’s stock worth $1,795,000 after purchasing an additional 40,032 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in UP Fintech by 15.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,274,250 shares of the company’s stock worth $12,297,000 after purchasing an additional 172,200 shares during the period. 9.03% of the stock is currently owned by institutional investors and hedge funds.

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.