Brokerages Set UP Fintech Holding Limited (NASDAQ:TIGR) Target Price at $8.16

UP Fintech Holding Limited (NASDAQ:TIGR) has received an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.1575.

A number of research firms have recently issued reports on TIGR. Jefferies Financial Group reissued a “buy” rating and set a $7.70 price objective on shares of UP Fintech in a research report on Thursday, August 27th. Bank of America reaffirmed a “buy” rating on shares of UP Fintech in a research report on Monday, June 1st. Citigroup dropped their price target on UP Fintech to $7.10 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a report on Monday, August 31st. Finally, Wall Street Zen upgraded UP Fintech from a “sell” rating to a “hold” rating in a report on Saturday, August 29th.

Insider Buying and Selling at UP Fintech

In other news, Director Jian Liu sold 9,333 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 62,665 shares of the company’s stock, valued at $288,259. This represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 50.90% of the stock is owned by insiders.

Institutional Trading of UP Fintech

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors bought a new stake in UP Fintech during the 4th quarter worth approximately $47,855,000. Jupiter Asset Management Ltd. lifted its holdings in shares of 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 purchasing an additional 2,577,459 shares in the last quarter. Contrarius Group Holdings Ltd bought a new position in shares of UP Fintech in the fourth quarter valued at approximately $10,243,000. Renaissance Technologies LLC boosted its position in shares of UP Fintech by 129.8% during the first quarter. Renaissance Technologies LLC now owns 1,782,066 shares of the company’s stock valued at $11,227,000 after buying an additional 1,006,566 shares during the last quarter. Finally, Sparta 24 Ltd. boosted its position in shares of UP Fintech by 9.1% during the first quarter. Sparta 24 Ltd. now owns 5,808,267 shares of the company’s stock valued at $36,592,000 after buying an additional 482,607 shares during the last quarter. Institutional investors own 9.03% of the company’s stock.

UP Fintech Price Performance

UP Fintech stock opened at $4.73 on Monday. The company has a market capitalization of $897.28 million, a PE ratio of 8.02, a PEG ratio of 0.31 and a beta of 0.51. UP Fintech has a 12-month low of $4.00 and a 12-month high of $11.35. The firm’s fifty day moving average is $4.87 and its 200 day moving average is $5.57. 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 Limited, operating under the Tiger Brokers brand, is an online brokerage and financial services company focused on serving investors through digital trading platforms. The company provides access to securities markets and offers tools for trading stocks, exchange-traded funds, options, futures and other investment products, subject to the regulations of the markets in which its subsidiaries operate.

Tiger Brokers’ platforms are designed to support individual and institutional investors with services that may include brokerage accounts, margin financing, market data, research, portfolio management tools and new-issue or initial public offering subscription services.