UP Fintech Holding Limited (NASDAQ:TIGR) Given Average Rating of “Moderate Buy” by 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 stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $9.2325.

A number of equities research analysts recently issued reports on TIGR shares. Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a research note 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. Bank of America reissued a “buy” rating on shares of UP Fintech in a research note on Monday. Finally, Citigroup dropped their target price on shares of UP Fintech to $7.10 and set a “buy” rating for the company in a report on Wednesday.

UP Fintech Price Performance

UP Fintech stock opened at $4.48 on Friday. The company’s fifty day moving average price is $6.17 and its 200 day moving average price is $7.70. UP Fintech has a 1 year low of $4.00 and a 1 year high of $13.55. The stock has a market capitalization of $849.86 million, a P/E ratio of 7.47, a P/E/G ratio of 0.32 and a beta of 0.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 1.10.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. UP Fintech had a net margin of 17.64% and a return on equity of 13.90%. The firm had revenue of $156.54 million for the quarter, compared to analysts’ expectations of $142.01 million.

Institutional Investors Weigh In On UP Fintech

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of UP Fintech during the second quarter worth $33,000. GeoWealth Management LLC purchased a new stake in shares of UP Fintech during the fourth quarter worth $35,000. SBI Securities Co. Ltd. grew its holdings in shares of UP Fintech by 21.2% during the third quarter. SBI Securities Co. Ltd. now owns 7,737 shares of the company’s stock worth $83,000 after buying an additional 1,355 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of UP Fintech during the fourth quarter worth $94,000. Finally, Stonehaven Wealth & Tax Solutions LLC purchased a new stake in shares of UP Fintech during the fourth quarter worth $100,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

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.