UP Fintech (NASDAQ:TIGR) Stock Rating Upgraded by Zacks Research

UP Fintech (NASDAQ:TIGR) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Several other equities analysts have also issued reports on TIGR. Jefferies Financial Group reaffirmed a “buy” rating and issued a $7.70 price target on shares of UP Fintech in a research report on Thursday, August 27th. Bank of America reissued a “buy” rating on shares of UP Fintech in a research report on Monday, June 1st. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research note on Monday, August 31st. Wall Street Zen upgraded shares of UP Fintech from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Citigroup decreased their target price on shares of UP Fintech to $7.10 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.16.

UP Fintech Stock Down 2.9%

Shares of NASDAQ:TIGR opened at $4.71 on Monday. 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 stock has a fifty day simple moving average of $4.87 and a two-hundred day simple moving average of $5.64. UP Fintech has a 12-month low of $4.00 and a 12-month high of $11.55. The stock has a market capitalization of $893.49 million, a price-to-earnings ratio of 7.98, a PEG ratio of 0.32 and a beta of 0.51.

Insider Activity at UP Fintech

In other news, Director Jian Liu sold 9,333 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $4.60, for a total value of $42,931.80. Following the completion of the transaction, the director owned 62,665 shares in the company, valued at $288,259. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On UP Fintech

Institutional investors have recently modified their holdings of the business. Capital International Investors bought a new stake in UP Fintech in the 4th quarter worth about $47,855,000. Jupiter Asset Management Ltd. raised its position in UP Fintech by 157.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 4,216,229 shares of the company’s stock worth $40,307,000 after buying an additional 2,577,459 shares during the last quarter. Sparta 24 Ltd. raised its position in UP Fintech by 9.1% in the 1st quarter. Sparta 24 Ltd. now owns 5,808,267 shares of the company’s stock worth $36,592,000 after buying an additional 482,607 shares during the last quarter. Renaissance Technologies LLC lifted its stake in UP Fintech by 129.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,782,066 shares of the company’s stock valued at $11,227,000 after acquiring an additional 1,006,566 shares during the period. Finally, Contrarius Group Holdings Ltd bought a new position in UP Fintech during the 4th quarter valued at about $10,243,000. 9.03% of the stock is owned by hedge funds and other institutional investors.

About UP Fintech

UP Fintech Holding Limited, operating under the Tiger Brokers brand, is an online brokerage and financial services company focused on serving investors through digital trading platforms. The company provides access to securities markets and offers tools for trading stocks, exchange-traded funds, options, futures and other investment products, subject to the regulations of the markets in which its subsidiaries operate.

Tiger Brokers’ platforms are designed to support individual and institutional investors with services that may include brokerage accounts, margin financing, market data, research, portfolio management tools and new-issue or initial public offering subscription services.