UP Fintech (NASDAQ:TIGR) Hits New 12-Month Low – Time to Sell?

UP Fintech Holding Limited (NASDAQ:TIGR) reached a new 52-week low during trading on Wednesday . The company traded as low as $5.95 and last traded at $6.30, with a volume of 3436425 shares. The stock had previously closed at $6.08.

Wall Street Analysts Forecast Growth

TIGR has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research report on Wednesday, January 21st. The Goldman Sachs Group reiterated a “sell” rating and issued a $4.73 price target on shares of UP Fintech in a report on Friday, December 5th. Finally, Citigroup increased their price objective on shares of UP Fintech to $17.50 and gave the company a “buy” rating in a report on Friday, December 5th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.83.

UP Fintech Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50-day moving average of $7.64 and a 200-day moving average of $8.98. The company has a market capitalization of $1.19 billion, a P/E ratio of 7.01, a P/E/G ratio of 0.23 and a beta of 0.60.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings data 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 net margin of 28.82% and a return on equity of 21.87%. The company had revenue of $156.54 million for the quarter, compared to analyst estimates of $142.01 million.

Hedge Funds Weigh In On UP Fintech

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its stake 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 valued at $57,705,000 after purchasing an additional 2,161,023 shares during the last quarter. Capital International Investors purchased a new position in shares of UP Fintech in the 4th quarter worth approximately $47,855,000. Jupiter Asset Management Ltd. grew its position in shares of UP Fintech by 157.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 4,216,229 shares of the company’s stock worth $40,307,000 after buying an additional 2,577,459 shares during the last quarter. Bank of America Corp DE raised its stake 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 acquiring an additional 1,257,251 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in UP Fintech by 128.5% during the fourth quarter. Marshall Wace LLP now owns 2,019,197 shares of the company’s stock valued at $19,304,000 after acquiring an additional 1,135,587 shares during the last quarter. 9.03% of the stock is currently 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.