Analysts Set UP Fintech Holding Limited (NASDAQ:TIGR) PT at $9.23

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $9.2325.

A number of research analysts have recently commented on TIGR shares. Bank of America reiterated a “buy” rating on shares of UP Fintech in a research note on Monday, June 1st. Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a research note on Monday, April 20th. Wall Street Zen downgraded UP Fintech from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, Citigroup cut their target price on shares of UP Fintech to $7.10 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd.

Insider Activity at UP Fintech

In other news, Director Jian Liu sold 9,333 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $4.60, for a total value of $42,931.80. Following the sale, the director directly owned 62,665 shares of the company’s stock, valued at approximately $288,259. This represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On UP Fintech

Several institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of UP Fintech during the 2nd quarter worth approximately $33,000. GeoWealth Management LLC bought a new stake in UP Fintech in the 4th quarter valued at about $35,000. Hsbc Holdings PLC acquired a new position in UP Fintech during the 1st quarter worth approximately $67,000. Castleview Partners LLC acquired a new position in UP Fintech during the 1st quarter worth approximately $74,000. Finally, Brooklyn Investment Group bought a new position in UP Fintech in the fourth quarter worth approximately $94,000. Institutional investors own 9.03% of the company’s stock.

UP Fintech Stock Performance

Shares of NASDAQ TIGR opened at $4.52 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $857.44 million, a price-to-earnings ratio of 7.53 and a beta of 0.45. The stock’s fifty day moving average price is $5.28 and its two-hundred day moving average price is $7.05. UP Fintech has a one year low of $4.00 and a one year high of $13.55.

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.