UP Fintech Holding Limited (NASDAQ:TIGR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $11.8325.

Several equities research analysts have recently issued reports on TIGR shares. The Goldman Sachs Group reaffirmed a “sell” rating and set a $4.73 price objective on shares of UP Fintech in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a report on Wednesday, January 21st. Finally, Citigroup increased their price objective on UP Fintech to $17.50 and gave the company a “buy” rating in a report on Friday, December 5th.

UP Fintech Stock Performance

Shares of TIGR opened at $8.10 on Thursday. UP Fintech has a 1 year low of $6.38 and a 1 year high of $13.55. The stock has a market capitalization of $1.50 billion, a PE ratio of 9.76, a PEG ratio of 0.24 and a beta of 0.49. The stock has a 50-day simple moving average of $8.88 and a 200-day simple moving average of $9.78.

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

Institutional Trading of UP Fintech

Several institutional investors have recently modified their holdings of TIGR. Dorsey Wright & Associates boosted its holdings in shares of UP Fintech by 2.6% in the 4th quarter. Dorsey Wright & Associates now owns 204,132 shares of the company’s stock valued at $1,952,000 after buying an additional 5,144 shares in the last quarter. XTX Topco Ltd boosted its stake in UP Fintech by 615.1% in the fourth quarter. XTX Topco Ltd now owns 78,916 shares of the company’s stock valued at $754,000 after acquiring an additional 67,881 shares in the last quarter. Numerai GP LLC purchased a new position in shares of UP Fintech during the fourth quarter worth about $329,000. Oxford Asset Management LLP purchased a new stake in shares of UP Fintech in the 4th quarter valued at about $232,000. Finally, Man Group plc lifted its holdings in shares of UP Fintech by 6.5% in the 4th quarter. Man Group plc now owns 1,906,970 shares of the company’s stock valued at $18,231,000 after purchasing an additional 116,424 shares during the last quarter. Hedge funds and other institutional investors 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.