UP Fintech Target of Unusually Large Options Trading (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the target of some unusual options trading on Wednesday. Stock traders acquired 22,033 call options on the stock. This represents an increase of approximately 58% compared to the average volume of 13,921 call options.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a report on Monday, April 20th. Three 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.83.

Institutional Investors Weigh In On UP Fintech

Several institutional investors have recently bought and sold shares of TIGR. Cetera Investment Advisers lifted its stake in UP Fintech by 2.8% in the 2nd quarter. Cetera Investment Advisers now owns 50,173 shares of the company’s stock valued at $484,000 after acquiring an additional 1,385 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in UP Fintech in the 2nd quarter valued at approximately $4,441,000. Diversify Advisory Services LLC boosted its holdings in UP Fintech by 42.4% during the second quarter. Diversify Advisory Services LLC now owns 54,651 shares of the company’s stock worth $552,000 after purchasing an additional 16,271 shares during the last quarter. Diversify Wealth Management LLC boosted its holdings in UP Fintech by 29.1% during the second quarter. Diversify Wealth Management LLC now owns 177,706 shares of the company’s stock worth $1,795,000 after purchasing an additional 40,032 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in UP Fintech by 15.6% during the second quarter. Canada Pension Plan Investment Board now owns 1,274,250 shares of the company’s stock worth $12,297,000 after purchasing an additional 172,200 shares during the last quarter. Institutional investors own 9.03% of the company’s stock.

UP Fintech Stock Up 6.8%

Shares of NASDAQ:TIGR traded up $0.43 during midday trading on Wednesday, reaching $6.69. 3,394,800 shares of the company were exchanged, compared to its average volume of 2,854,519. UP Fintech has a fifty-two week low of $5.95 and a fifty-two week high of $13.55. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $6.85 and a two-hundred day simple moving average of $8.32. The firm has a market cap of $1.27 billion, a PE ratio of 7.35, a P/E/G ratio of 0.23 and a beta of 0.53.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings data on Thursday, March 19th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $156.54 million for the quarter, compared to analyst estimates of $142.01 million. UP Fintech had a net margin of 28.82% and a return on equity of 21.87%. As a group, sell-side analysts forecast that UP Fintech will post 0.78 earnings per share for the current year.

About UP Fintech

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.