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

UP Fintech Holding Limited (NASDAQ:TIGR) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One research 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 target among brokerages that have issued a report on the stock in the last year is $9.2325.

Several brokerages have recently weighed in on TIGR. Wall Street Zen cut UP Fintech from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Citigroup cut their price objective on UP Fintech to $7.10 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Finally, Bank of America reiterated a “buy” rating on shares of UP Fintech in a report on Monday, June 1st.

Insider Buying and Selling at UP Fintech

In other news, Director Jian Liu sold 9,333 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $4.60, for a total transaction of $42,931.80. Following the completion of the sale, the director directly owned 62,665 shares in the company, valued at $288,259. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 50.90% of the stock is currently owned by company insiders.

Institutional Trading of UP Fintech

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of UP Fintech in the 2nd quarter worth about $76,000. Handelsbanken Fonder AB grew its stake in UP Fintech by 35.4% during the second quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock worth $165,000 after purchasing an additional 9,800 shares during the period. Renaissance Technologies LLC grew its stake in UP Fintech by 129.8% during the first quarter. Renaissance Technologies LLC now owns 1,782,066 shares of the company’s stock worth $11,227,000 after purchasing an additional 1,006,566 shares during the period. ABN Amro Investment Solutions increased its holdings in UP Fintech by 52.0% in the first quarter. ABN Amro Investment Solutions now owns 22,792 shares of the company’s stock worth $144,000 after purchasing an additional 7,800 shares in the last quarter. Finally, Sparta 24 Ltd. increased its holdings in 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 purchasing an additional 482,607 shares in the last quarter. 9.03% of the stock is currently owned by institutional investors and hedge funds.

UP Fintech Stock Up 1.3%

Shares of NASDAQ:TIGR opened at $4.84 on Thursday. The firm has a market cap of $918.15 million, a P/E ratio of 8.07 and a beta of 0.48. UP Fintech has a 12-month low of $4.00 and a 12-month high of $13.55. The business has a fifty day simple moving average of $4.72 and a 200 day simple moving average of $6.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.06.

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.