Citigroup Has Lowered Expectations for UP Fintech (NASDAQ:TIGR) Stock Price

UP Fintech (NASDAQ:TIGRGet Free Report) had its target price reduced by research analysts at Citigroup to $7.10 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 53.51% from the stock’s previous close.

Several other brokerages also recently commented on TIGR. Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research note on Monday, April 20th. Bank of America reiterated a “buy” rating on shares of UP Fintech in a research note on Monday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.23.

View Our Latest Stock Analysis on TIGR

UP Fintech Stock Down 6.9%

Shares of TIGR stock traded down $0.35 during trading hours on Wednesday, hitting $4.63. 3,605,494 shares of the company’s stock traded hands, compared to its average volume of 3,948,558. The stock’s fifty day simple moving average is $6.32 and its two-hundred day simple moving average is $7.83. UP Fintech has a 12-month low of $4.00 and a 12-month high of $13.55. The stock has a market cap of $877.36 million, a price-to-earnings ratio of 5.07, a PEG ratio of 0.18 and a beta of 0.45. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.06.

UP Fintech (NASDAQ:TIGRGet Free Report) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. UP Fintech had a return on equity of 21.87% and a net margin of 28.82%.The business had revenue of $156.54 million for the quarter, compared to analysts’ expectations of $142.01 million. On average, analysts expect that UP Fintech will post 0.78 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TIGR. Citigroup Inc. boosted its holdings in shares of UP Fintech by 2,580.9% during the 3rd quarter. Citigroup Inc. now owns 1,077,258 shares of the company’s stock valued at $11,494,000 after purchasing an additional 1,037,076 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of UP Fintech during the 4th quarter valued at about $5,219,000. William Blair Investment Management LLC bought a new position in shares of UP Fintech during the 3rd quarter valued at about $3,792,000. Harvest Fund Management Co. Ltd bought a new position in shares of UP Fintech during the 3rd quarter valued at about $3,198,000. Finally, Jupiter Asset Management Ltd. boosted its holdings in shares of UP Fintech by 157.3% during the 4th 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 during the last quarter. 9.03% of the stock is currently owned by institutional investors.

UP Fintech News Summary

Here are the key news stories impacting UP Fintech this week:

UP Fintech Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for UP Fintech (NASDAQ:TIGR)

Receive News & Ratings for UP Fintech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UP Fintech and related companies with MarketBeat.com's FREE daily email newsletter.