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

UP Fintech Holding Limited (NASDAQ:TIGR) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $9.2325.

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

UP Fintech Trading Down 2.9%

NASDAQ:TIGR opened at $4.73 on Friday. The stock has a market cap of $897.28 million, a price-to-earnings ratio of 7.88 and a beta of 0.45. 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’s 50 day moving average price is $4.81 and its 200-day moving average price is $6.65. UP Fintech has a 52 week low of $4.00 and a 52 week high of $13.55.

Insider Transactions at UP Fintech

In other UP Fintech news, Director Jian Liu sold 9,333 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $4.60, for a total transaction of $42,931.80. Following the transaction, the director owned 62,665 shares in the company, valued at approximately $288,259. This represents a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 50.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of UP Fintech during the 4th quarter valued at $5,219,000. Sparta 24 Ltd. grew its holdings in shares of UP Fintech by 9.1% in the first quarter. Sparta 24 Ltd. now owns 5,808,267 shares of the company’s stock worth $36,592,000 after acquiring an additional 482,607 shares during the period. Capital International Investors purchased a new stake in UP Fintech during the fourth quarter valued at $47,855,000. Jupiter Asset Management Ltd. lifted its holdings in UP Fintech by 157.3% in 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 during the period. Finally, Contrarius Group Holdings Ltd purchased a new position in UP Fintech in the fourth quarter worth about $10,243,000. 9.03% of the stock is owned by hedge funds and other institutional investors.

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.