Brokerages Set UP Fintech Holding Limited (NASDAQ:TIGR) Price Target at $11.83

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

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

UP Fintech Trading Down 1.3%

Shares of UP Fintech stock opened at $6.60 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $1.23 billion, a P/E ratio of 7.25, a PEG ratio of 0.20 and a beta of 0.43. UP Fintech has a 1 year low of $6.38 and a 1 year high of $13.55. The company’s fifty day moving average is $7.97 and its two-hundred day moving average is $9.18.

UP Fintech (NASDAQ:TIGR) last announced its earnings results on Thursday, March 19th. The company reported $0.26 EPS for the quarter, beating 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 business had revenue of $156.54 million during the quarter, compared to analysts’ expectations of $142.01 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. boosted its stake 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 valued at $11,494,000 after buying an additional 1,037,076 shares in the last quarter. William Blair Investment Management LLC purchased a new position in UP Fintech in the third quarter worth $3,792,000. Arrowstreet Capital Limited Partnership lifted its holdings in UP Fintech by 282.1% in the second 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 UP Fintech in the third quarter valued at $3,198,000. Finally, Jump Financial LLC purchased a new stake in shares of UP Fintech during the 2nd quarter worth $12,993,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

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.