UP Fintech Holding Limited (NASDAQ:TIGR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.8325.

TIGR has been the subject of a number of research analyst reports. UBS Group started coverage on UP Fintech in a research report on Thursday, October 23rd. They issued a “buy” rating and a $13.10 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “sell” rating and set a $4.73 target price on shares of UP Fintech in a research report on Friday, December 5th. Wall Street Zen downgraded shares of UP Fintech from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Citigroup upped their price objective on shares of UP Fintech to $17.50 and gave the stock a “buy” rating in a report on Friday, December 5th.

UP Fintech Stock Down 3.0%

UP Fintech stock opened at $8.54 on Friday. The company has a market capitalization of $1.58 billion, a PE ratio of 10.29, a PEG ratio of 0.27 and a beta of 0.29. UP Fintech has a 12-month low of $6.38 and a 12-month high of $13.55. The firm’s fifty day moving average is $9.16 and its 200 day moving average is $10.04.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08. The business had revenue of $175.16 million during the quarter, compared to analysts’ expectations of $132.76 million. UP Fintech had a net margin of 27.42% and a return on equity of 21.09%. During the same period last year, the company posted $0.11 earnings per share.

Hedge Funds Weigh In On UP Fintech

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of UP Fintech in the second quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd grew its holdings in UP Fintech by 205.6% during the second quarter. Caitong International Asset Management Co. Ltd now owns 5,094 shares of the company’s stock worth $49,000 after buying an additional 3,427 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in UP Fintech in the 2nd quarter valued at $52,000. SBI Securities Co. Ltd. lifted 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 valued at $62,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new position in UP Fintech during the 3rd quarter worth $66,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

About UP Fintech

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.