Analysts Set UP Fintech Holding Limited (NASDAQ:TIGR) Target Price at $10.33

UP Fintech Holding Limited (NASDAQ:TIGR) has earned an average recommendation of “Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $10.7450.

A number of brokerages have recently issued reports on TIGR. Jefferies Financial Group began coverage on shares of UP Fintech in a report on Monday. They issued a “buy” rating and a $12.00 price target on the stock. Citigroup raised shares of UP Fintech from a “neutral” rating to a “buy” rating and raised their target price for the company from $9.50 to $14.00 in a research note on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of UP Fintech from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th.

UP Fintech Stock Performance

TIGR opened at $10.60 on Monday. The firm has a market cap of $1.96 billion, a P/E ratio of 16.31, a PEG ratio of 0.70 and a beta of 0.55. The firm has a 50-day moving average of $10.96 and a 200 day moving average of $9.46. UP Fintech has a fifty-two week low of $5.36 and a fifty-two week high of $14.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TIGR. Osaic Holdings Inc. grew its holdings in shares of UP Fintech by 638.4% in the second quarter. Osaic Holdings Inc. now owns 63,279 shares of the company’s stock worth $611,000 after purchasing an additional 54,709 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of UP Fintech by 96.2% in the second quarter. Tower Research Capital LLC TRC now owns 32,918 shares of the company’s stock worth $318,000 after purchasing an additional 16,141 shares during the last quarter. Man Group plc grew its holdings in shares of UP Fintech by 532.6% in the second quarter. Man Group plc now owns 748,503 shares of the company’s stock worth $7,223,000 after purchasing an additional 630,174 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in UP Fintech in the second quarter valued at $2,373,000. Finally, Bank of America Corp DE boosted its holdings in UP Fintech by 122.6% in the second quarter. Bank of America Corp DE now owns 2,282,337 shares of the company’s stock valued at $22,025,000 after acquiring an additional 1,257,251 shares in the last quarter. 9.03% of the stock is currently owned by institutional investors.

About UP Fintech

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.