UP Fintech Holding Limited (NASDAQ:TIGR) Given Consensus Rating of “Moderate Buy” by Brokerages

UP Fintech Holding Limited (NASDAQ:TIGR) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.1250.

A number of equities research analysts recently issued reports on the stock. Citigroup raised shares of UP Fintech from a “neutral” rating to a “buy” rating and lifted their price target for the company from $9.50 to $14.00 in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a research note on Wednesday, October 8th. Wall Street Zen raised shares of UP Fintech from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. UBS Group assumed coverage on shares of UP Fintech in a research note on Thursday. They issued a “buy” rating and a $13.10 price target on the stock. Finally, Jefferies Financial Group assumed coverage on shares of UP Fintech in a research note on Monday, September 29th. They issued a “buy” rating and a $12.00 price target on the stock.

Institutional Investors Weigh In On UP Fintech

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in UP Fintech during the 2nd quarter worth $33,000. Caitong International Asset Management Co. Ltd boosted its stake in UP Fintech by 205.6% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,094 shares of the company’s stock worth $49,000 after purchasing an additional 3,427 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in UP Fintech during the 2nd quarter worth $52,000. SBI Securities Co. Ltd. boosted its stake in UP Fintech by 22.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 6,382 shares of the company’s stock worth $62,000 after purchasing an additional 1,179 shares during the last quarter. Finally, Bingham Private Wealth LLC acquired a new stake in UP Fintech during the 1st quarter worth $90,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Stock Performance

UP Fintech stock opened at $10.15 on Friday. The company’s fifty day moving average price is $10.90 and its 200 day moving average price is $9.60. UP Fintech has a 1 year low of $5.36 and a 1 year high of $13.55. The stock has a market capitalization of $1.87 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.63 and a beta of 0.55.

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.