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

UP Fintech Holding Limited (NASDAQ:TIGR) has been given a consensus rating of “Hold” by the five brokerages that are currently covering the company, Marketbeat Ratings reports. One investment 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 1-year price target among brokers that have covered the stock in the last year is $11.8325.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a report on Monday, April 20th.

UP Fintech Price Performance

Shares of NASDAQ TIGR opened at $6.16 on Tuesday. The stock’s 50-day moving average is $6.78 and its two-hundred day moving average is $8.26. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.12. UP Fintech has a 1-year low of $5.95 and a 1-year high of $13.55. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 0.22 and a beta of 0.53.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. UP Fintech had a return on equity of 21.87% and a net margin of 28.82%.The company had revenue of $156.54 million for the quarter, compared to the consensus estimate of $142.01 million. Analysts forecast that UP Fintech will post 0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TIGR. Cetera Investment Advisers lifted its stake in shares of UP Fintech by 2.8% during the second quarter. Cetera Investment Advisers now owns 50,173 shares of the company’s stock worth $484,000 after purchasing an additional 1,385 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of UP Fintech during the second quarter worth about $4,441,000. Diversify Advisory Services LLC lifted its stake in shares of UP Fintech by 42.4% during the second quarter. Diversify Advisory Services LLC now owns 54,651 shares of the company’s stock worth $552,000 after purchasing an additional 16,271 shares in the last quarter. Diversify Wealth Management LLC lifted its stake in shares of UP Fintech by 29.1% during the second quarter. Diversify Wealth Management LLC now owns 177,706 shares of the company’s stock worth $1,795,000 after purchasing an additional 40,032 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of UP Fintech by 15.6% during the second quarter. Canada Pension Plan Investment Board now owns 1,274,250 shares of the company’s stock worth $12,297,000 after purchasing an additional 172,200 shares in the last quarter. 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.