Shares of UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) saw an uptick in trading volume on Tuesday . 6,070,661 shares traded hands during trading, an increase of 43% from the previous session’s volume of 4,248,678 shares.The stock last traded at $7.05 and had previously closed at $7.44.
Analysts Set New Price Targets
Separately, Citigroup reduced their price objective on UP Fintech from $6.49 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd.
View Our Latest Stock Report on TIGR
UP Fintech Price Performance
UP Fintech (NASDAQ:TIGR – Get Free Report) last released its quarterly earnings results on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). UP Fintech had a net margin of 8.59% and a return on equity of 5.35%. The company had revenue of $87.44 million during the quarter.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sparta 24 Ltd. acquired a new position in shares of UP Fintech in the 2nd quarter valued at about $6,186,000. Marshall Wace LLP raised its position in shares of UP Fintech by 52.8% during the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock worth $4,671,000 after purchasing an additional 384,213 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of UP Fintech by 6,367.8% in the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock worth $1,560,000 after purchasing an additional 446,572 shares in the last quarter. GSA Capital Partners LLP increased its stake in UP Fintech by 19.8% during the 1st quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock valued at $967,000 after purchasing an additional 46,394 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of UP Fintech by 162.7% during the second quarter. Renaissance Technologies LLC now owns 92,441 shares of the company’s stock valued at $388,000 after buying an additional 57,257 shares during the last quarter. 9.03% of the stock is owned by institutional investors and hedge funds.
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.
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