UP Fintech Holding Limited (NASDAQ:TIGR) Given Consensus Rating of “Hold” by Analysts

UP Fintech Holding Limited (NASDAQ:TIGR) has earned an average rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. One research 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 12 month price target among analysts that have updated their coverage on the stock in the last year is $11.8325.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th.

UP Fintech Price Performance

NASDAQ TIGR opened at $6.02 on Tuesday. The company has a 50 day simple moving average of $6.75 and a 200-day simple moving average of $8.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 6.62, a price-to-earnings-growth ratio of 0.22 and a beta of 0.53. UP Fintech has a 52-week low of $5.95 and a 52-week high of $13.55.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results 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. The business had revenue of $156.54 million during the quarter, compared to analyst estimates of $142.01 million. UP Fintech had a net margin of 28.82% and a return on equity of 21.87%. Equities research analysts predict that UP Fintech will post 0.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UP Fintech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TIGR. Capital International Investors bought a new position in UP Fintech during the fourth quarter valued at approximately $47,855,000. Jupiter Asset Management Ltd. raised its position in UP Fintech by 157.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 4,216,229 shares of the company’s stock valued at $40,307,000 after acquiring an additional 2,577,459 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in UP Fintech by 66.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,408,122 shares of the company’s stock valued at $57,705,000 after acquiring an additional 2,161,023 shares in the last quarter. National Bank of Canada FI raised its position in UP Fintech by 450.4% during the third quarter. National Bank of Canada FI now owns 1,976,720 shares of the company’s stock valued at $21,092,000 after acquiring an additional 1,617,600 shares in the last quarter. Finally, Bank of America Corp DE raised its position 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 valued at $22,025,000 after acquiring an additional 1,257,251 shares in the last quarter. Institutional investors own 9.03% of the company’s stock.

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.