UP Fintech Holding Limited (TIGR) – What Are Researchers Saying About This Stock?

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $8.16.

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a research report on Monday, August 31st. Jefferies Financial Group reiterated a “buy” rating and set a $7.70 target price on shares of UP Fintech in a research note on Thursday, August 27th. Wall Street Zen raised UP Fintech from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Finally, Zacks Research raised UP Fintech to a “hold” rating in a report on Monday, September 14th.

UP Fintech Stock Up 2.6%

Shares of UP Fintech stock opened at $4.31 on Friday. UP Fintech has a 52-week low of $4.00 and a 52-week high of $11.35. The company has a 50 day moving average of $4.77 and a 200 day moving average of $5.22. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $817.61 million, a P/E ratio of 7.31, a P/E/G ratio of 0.28 and a beta of 0.42.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. UP Fintech had a net margin of 16.22% and a return on equity of 13.11%. The company had revenue of $182.27 million during the quarter, compared to analysts’ expectations of $153.93 million. As a group, research analysts forecast that UP Fintech will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in shares of UP Fintech by 129.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,782,066 shares of the company’s stock valued at $11,227,000 after acquiring an additional 1,006,566 shares during the last quarter. Sparta 24 Ltd. lifted its stake in UP Fintech by 9.1% during the first quarter. Sparta 24 Ltd. now owns 5,808,267 shares of the company’s stock worth $36,592,000 after purchasing an additional 482,607 shares during the last quarter. Headlands Technologies LLC purchased a new stake in UP Fintech during the second quarter worth approximately $728,000. Evergreen Quality Fund GP Ltd. purchased a new stake in UP Fintech during the fourth quarter worth approximately $771,000. Finally, Engineers Gate Manager LP acquired a new position in UP Fintech in the second quarter valued at approximately $266,000. 9.03% of the stock is owned by institutional investors and hedge funds.

UP Fintech Company Profile

UP Fintech Holding Limited, operating under the Tiger Brokers brand, is a technology-driven online brokerage company that provides trading and investment services to individual and institutional investors. The company offers access to securities markets through digital platforms, including mobile and online applications designed to support account management, market research, and trade execution.

Tiger Brokers’ services include trading in stocks and exchange-traded funds, as well as options and other investment products in selected markets.