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

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have received an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $9.2325.

Several research analysts have commented on TIGR shares. Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a report on Monday, April 20th. Wall Street Zen cut shares of UP Fintech from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Citigroup cut their price target on shares of UP Fintech to $7.10 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Finally, Bank of America reissued a “buy” rating on shares of UP Fintech in a research note on Monday, June 1st.

Insider Buying and Selling

In other UP Fintech news, Director Jian Liu sold 9,333 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $4.60, for a total value of $42,931.80. Following the completion of the transaction, the director owned 62,665 shares of the company’s stock, valued at $288,259. The trade was a 12.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On UP Fintech

A number of hedge funds and other institutional investors have recently bought and sold shares of TIGR. Raymond James Financial Inc. purchased a new position in UP Fintech in the 2nd quarter worth approximately $33,000. GeoWealth Management LLC purchased a new position in UP Fintech in the 4th quarter worth approximately $35,000. Hsbc Holdings PLC purchased a new position in UP Fintech in the 1st quarter worth approximately $67,000. Castleview Partners LLC purchased a new stake in shares of UP Fintech in the 1st quarter valued at $74,000. Finally, Brooklyn Investment Group purchased a new stake in shares of UP Fintech in the 4th quarter valued at $94,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Stock Down 2.7%

Shares of NASDAQ:TIGR opened at $4.40 on Wednesday. The firm has a fifty day moving average price of $5.51 and a two-hundred day moving average price of $7.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 1.10. UP Fintech has a one year low of $4.00 and a one year high of $13.55. The company has a market cap of $834.68 million, a price-to-earnings ratio of 7.33 and a beta of 0.45.

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.