UP Fintech Holding Limited (NASDAQ:TIGR) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $8.16.

Several equities research analysts have commented on TIGR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research note on Monday, August 31st. Wall Street Zen raised shares of UP Fintech from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Jefferies Financial Group restated a “buy” rating and issued a $7.70 target price on shares of UP Fintech in a research note on Thursday, August 27th. Finally, Zacks Research raised UP Fintech to a “hold” rating in a report on Monday, September 14th.

UP Fintech Trading Down 2.0%

NASDAQ TIGR opened at $4.34 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $4.79 and a 200 day simple moving average of $5.25. UP Fintech has a 12 month low of $4.00 and a 12 month high of $11.35. The firm has a market capitalization of $823.30 million, a P/E ratio of 7.36, a PEG ratio of 0.29 and a beta of 0.42.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. UP Fintech had a net margin of 16.22% and a return on equity of 13.11%. The firm had revenue of $182.27 million for the quarter, compared to the consensus estimate of $153.93 million.

Institutional Trading of UP Fintech

Hedge funds have recently bought and sold shares of the business. Sparta 24 Ltd. raised its stake in shares of UP Fintech by 9.1% during the 1st quarter. Sparta 24 Ltd. now owns 5,808,267 shares of the company’s stock worth $36,592,000 after purchasing an additional 482,607 shares during the period. Renaissance Technologies LLC increased its holdings in UP Fintech by 129.8% during the first quarter. Renaissance Technologies LLC now owns 1,782,066 shares of the company’s stock worth $11,227,000 after buying an additional 1,006,566 shares during the last quarter. Dorsey Wright & Associates increased its holdings in UP Fintech by 2.6% during the fourth quarter. Dorsey Wright & Associates now owns 204,132 shares of the company’s stock worth $1,952,000 after buying an additional 5,144 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. raised its position in UP Fintech by 53.4% in the fourth quarter. Dymon Asia Capital Singapore PTE. LTD. now owns 137,100 shares of the company’s stock worth $1,311,000 after acquiring an additional 47,700 shares during the period. Finally, Evergreen Quality Fund GP Ltd. bought a new stake in UP Fintech in the fourth quarter worth about $771,000. 9.03% of the stock is currently owned by institutional investors.

About UP Fintech

UP Fintech Holding Limited, operating under the Tiger Brokers brand, is a technology-driven online brokerage company that provides trading and investment services to individual and institutional investors. The company offers access to securities markets through digital platforms, including mobile and online applications designed to support account management, market research, and trade execution.

Tiger Brokers’ services include trading in stocks and exchange-traded funds, as well as options and other investment products in selected markets.