UP Fintech (NASDAQ:TIGR) Trading Up 4% – What’s Next?

UP Fintech Holding Limited (NASDAQ:TIGR) was up 4% during mid-day trading on Tuesday . The company traded as high as $9.26 and last traded at $9.19. Approximately 2,679,213 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 6,402,810 shares. The stock had previously closed at $8.83.

Analyst Ratings Changes

Several research analysts have recently commented on TIGR shares. Deutsche Bank Aktiengesellschaft assumed coverage on UP Fintech in a research report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target for the company. Bank of America initiated coverage on shares of UP Fintech in a research note on Monday, March 17th. They issued a “buy” rating for the company. Finally, Citigroup raised shares of UP Fintech from a “sell” rating to a “neutral” rating and upped their target price for the stock from $5.80 to $9.50 in a research note on Wednesday, March 19th.

UP Fintech Stock Up 2.2 %

The company has a market cap of $1.67 billion, a price-to-earnings ratio of 45.23 and a beta of 0.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The business has a 50-day simple moving average of $7.51 and a 200-day simple moving average of $6.70.

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

Institutional Trading of UP Fintech

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

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.