Traders Purchase Large Volume of UP Fintech Call Options (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 47,078 call options on the stock. This represents an increase of approximately 43% compared to the average daily volume of 32,816 call options.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TIGR. Citigroup raised shares of UP Fintech from a “sell” rating to a “neutral” rating and increased their target price for the company from $5.80 to $9.50 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price objective on the stock. Finally, Bank of America began coverage on UP Fintech in a report on Monday. They issued a “buy” rating for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new position in UP Fintech in the 3rd quarter valued at $516,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of UP Fintech by 66.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock valued at $1,090,000 after acquiring an additional 81,300 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of UP Fintech during the third quarter worth about $539,000. Nkcfo LLC purchased a new position in UP Fintech during the fourth quarter worth about $323,000. Finally, Diversify Wealth Management LLC acquired a new stake in UP Fintech in the fourth quarter valued at about $742,000. 9.03% of the stock is currently owned by hedge funds and other institutional investors.

UP Fintech Stock Down 0.3 %

Shares of NASDAQ:TIGR opened at $9.66 on Thursday. UP Fintech has a 1-year low of $3.10 and a 1-year high of $14.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $1.78 billion, a P/E ratio of 48.30 and a beta of 0.87. The firm has a fifty day moving average price of $7.33 and a 200 day moving average price of $6.57.

UP Fintech (NASDAQ:TIGR) last announced its earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.06. The business had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%.

UP Fintech Company Profile

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.