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

UP Fintech Holding Limited (NASDAQ:TIGR) has been assigned an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $11.8325.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a report on Wednesday, January 21st.

Institutional Investors Weigh In On UP Fintech

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of UP Fintech in the second quarter valued at approximately $33,000. GeoWealth Management LLC acquired a new stake in shares of UP Fintech in the fourth quarter valued at approximately $35,000. Bayforest Capital Ltd acquired a new stake in shares of UP Fintech in the third quarter valued at approximately $66,000. SBI Securities Co. Ltd. raised its position in shares of UP Fintech by 21.2% in the third quarter. SBI Securities Co. Ltd. now owns 7,737 shares of the company’s stock valued at $83,000 after buying an additional 1,355 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of UP Fintech in the fourth quarter valued at approximately $94,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

UP Fintech Trading Down 1.8%

Shares of NASDAQ:TIGR opened at $7.10 on Friday. UP Fintech has a 12-month low of $5.95 and a 12-month high of $13.55. The stock has a market cap of $1.33 billion, a PE ratio of 7.80, a P/E/G ratio of 0.26 and a beta of 0.60. The business has a 50 day moving average of $7.28 and a 200-day moving average of $8.71. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.06.

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

UP Fintech Company Profile

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.