UP Fintech Holding Limited (NASDAQ:TIGR) Receives $11.83 Consensus Target Price from Analysts

UP Fintech Holding Limited (NASDAQ:TIGR) has been given a consensus recommendation of “Hold” by the five analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $11.8325.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a research note on Wednesday, January 21st.

UP Fintech Price Performance

TIGR stock opened at $7.30 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.26 and a beta of 0.60. The company’s fifty day simple moving average is $7.27 and its 200 day simple moving average is $8.65. UP Fintech has a 12-month low of $5.95 and a 12-month high of $13.55.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. UP Fintech had a return on equity of 21.87% and a net margin of 28.82%.The firm had revenue of $156.54 million during the quarter, compared to the consensus estimate of $142.01 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its holdings in UP Fintech by 66.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,408,122 shares of the company’s stock worth $57,705,000 after purchasing an additional 2,161,023 shares during the period. Capital International Investors acquired a new position in shares of UP Fintech during the fourth quarter valued at about $47,855,000. Jupiter Asset Management Ltd. raised its holdings in shares of UP Fintech by 157.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 4,216,229 shares of the company’s stock valued at $40,307,000 after purchasing an additional 2,577,459 shares during the period. Bank of America Corp DE boosted its position in shares of UP Fintech by 122.6% during the 2nd quarter. Bank of America Corp DE now owns 2,282,337 shares of the company’s stock worth $22,025,000 after purchasing an additional 1,257,251 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of UP Fintech by 128.5% during the 4th quarter. Marshall Wace LLP now owns 2,019,197 shares of the company’s stock worth $19,304,000 after purchasing an additional 1,135,587 shares in the last quarter. 9.03% of the stock is owned by institutional investors.

UP Fintech Company Profile

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.