UP Fintech (NASDAQ:TIGR) Research Coverage Started at Bank of America

Bank of America initiated coverage on shares of UP Fintech (NASDAQ:TIGR) in a research note released on Monday, MarketBeat.com reports. The brokerage issued a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft started coverage on UP Fintech in a report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price target for the company.

UP Fintech Stock Performance

Shares of TIGR stock opened at $9.66 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.78 billion, a PE ratio of 48.30 and a beta of 0.87. The company’s fifty day simple moving average is $7.33 and its 200-day simple moving average is $6.57. UP Fintech has a 52 week low of $3.10 and a 52 week high of $14.48.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.11 by $0.06. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The company had revenue of $124.10 million for the quarter, compared to analyst estimates of $73.60 million.

Institutional Trading of UP Fintech

Several large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in UP Fintech by 527.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock valued at $30,000 after purchasing an additional 3,901 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of UP Fintech in the 4th quarter valued at approximately $34,000. Deutsche Bank AG purchased a new position in shares of UP Fintech during the 4th quarter valued at approximately $38,000. GAMMA Investing LLC grew its position in shares of UP Fintech by 51.5% during the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock worth $59,000 after buying an additional 3,105 shares in the last quarter. Finally, Tairen Capital Ltd bought a new stake in shares of UP Fintech in the fourth quarter worth $68,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

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.