UP Fintech Holding Limited (NASDAQ:TIGR) Given Consensus Recommendation of “Hold” by Brokerages

UP Fintech Holding Limited (NASDAQ:TIGR) has earned an average recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $11.8325.

TIGR has been the topic of several research analyst reports. Citigroup boosted their target price on UP Fintech to $17.50 and gave the stock a “buy” rating in a research note on Friday, December 5th. The Goldman Sachs Group reiterated a “sell” rating and issued a $4.73 price target on shares of UP Fintech in a research note on Friday, December 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a report on Wednesday, January 21st.

Institutional Trading of UP Fintech

Several large investors have recently bought and sold shares of TIGR. Citigroup Inc. raised its holdings in shares of UP Fintech by 2,580.9% in the third quarter. Citigroup Inc. now owns 1,077,258 shares of the company’s stock worth $11,494,000 after buying an additional 1,037,076 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of UP Fintech during the third quarter valued at $3,792,000. Arrowstreet Capital Limited Partnership increased its position in shares of UP Fintech by 282.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,247,099 shares of the company’s stock valued at $31,335,000 after acquiring an additional 2,397,261 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of UP Fintech during the third quarter worth about $3,198,000. Finally, Jump Financial LLC acquired a new stake in shares of UP Fintech during the second quarter worth about $12,993,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Trading Down 3.8%

NASDAQ:TIGR opened at $6.57 on Monday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 0.20 and a beta of 0.43. UP Fintech has a 52 week low of $6.38 and a 52 week high of $13.55. 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 50 day moving average of $8.15 and a 200 day moving average of $9.28.

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

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.