UP Fintech (NASDAQ:TIGR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of UP Fintech (NASDAQ:TIGR) from a sell rating to a hold rating in a research report released on Saturday morning.

TIGR has been the subject of a number of other reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $7.70 price objective on shares of UP Fintech in a research report on Thursday. Bank of America reissued a “buy” rating on shares of UP Fintech in a research report on Monday, June 1st. Finally, Citigroup cut their target price on UP Fintech to $7.10 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.16.

UP Fintech Stock Performance

NASDAQ TIGR opened at $5.05 on Friday. UP Fintech has a 1 year low of $4.00 and a 1 year high of $13.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $957.99 million, a price-to-earnings ratio of 8.56 and a beta of 0.48. The company has a fifty day moving average price of $4.79 and a 200-day moving average price of $5.92.

Insider Activity at UP Fintech

In other news, Director Jian Liu sold 9,333 shares of UP Fintech stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $4.60, for a total transaction of $42,931.80. Following the sale, the director directly owned 62,665 shares in the company, valued at $288,259. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 50.90% of the stock is owned by insiders.

Institutional Trading of UP Fintech

A number of large investors have recently added to or reduced their stakes in the stock. Capital International Investors purchased a new stake in shares of UP Fintech during the 4th quarter worth approximately $47,855,000. Jupiter Asset Management Ltd. raised its holdings in shares of UP Fintech by 157.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 4,216,229 shares of the company’s stock worth $40,307,000 after purchasing an additional 2,577,459 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in UP Fintech by 66.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,408,122 shares of the company’s stock valued at $57,705,000 after purchasing an additional 2,161,023 shares during the last quarter. National Bank of Canada FI lifted its stake in UP Fintech by 450.4% in 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 purchasing an additional 1,617,600 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings 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 purchasing an additional 1,257,251 shares during the period. 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.