Stock Traders Purchase High Volume of Call Options on UP Fintech (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the target of unusually large options trading on Tuesday. Stock investors purchased 42,103 call options on the company. This is an increase of approximately 16% compared to the average daily volume of 36,449 call options.

UP Fintech Stock Performance

Shares of TIGR opened at $10.98 on Wednesday. The business’s fifty day simple moving average is $9.08 and its two-hundred day simple moving average is $8.09. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23. UP Fintech has a 12 month low of $3.36 and a 12 month high of $14.48. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 0.95 and a beta of 0.67.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results on Friday, May 30th. The company reported $0.20 EPS for the quarter. The business had revenue of $122.61 million for the quarter. UP Fintech had a return on equity of 13.19% and a net margin of 18.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Marshall Wace LLP boosted its holdings in shares of UP Fintech by 492.4% in the fourth quarter. Marshall Wace LLP now owns 5,599,514 shares of the company’s stock valued at $36,173,000 after purchasing an additional 4,654,351 shares during the period. Sparta 24 Ltd. lifted its holdings in UP Fintech by 48.0% during the first quarter. Sparta 24 Ltd. now owns 3,657,104 shares of the company’s stock worth $31,415,000 after buying an additional 1,186,137 shares during the period. Millennium Management LLC lifted its holdings in UP Fintech by 48.0% during the first quarter. Millennium Management LLC now owns 2,398,744 shares of the company’s stock worth $20,605,000 after buying an additional 777,776 shares during the period. Two Sigma Investments LP lifted its holdings in UP Fintech by 808.5% during the fourth quarter. Two Sigma Investments LP now owns 1,817,787 shares of the company’s stock worth $11,743,000 after buying an additional 1,617,702 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in UP Fintech during the first quarter worth $9,467,000. Institutional investors own 9.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen raised UP Fintech from a “hold” rating to a “buy” rating in a research note on Saturday, May 31st. Citigroup raised UP Fintech from a “neutral” rating to a “buy” rating and raised their price objective for the company from $9.50 to $14.00 in a research note on Tuesday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $10.33.

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.