Insider Selling: UP Fintech (NASDAQ:TIGR) Director Sells 9,333 Shares of Stock

UP Fintech Holding Limited (NASDAQ:TIGR) Director Jian Liu sold 9,333 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $4.60, for a total transaction of $42,931.80. Following the transaction, the director owned 62,665 shares of the company’s stock, valued at approximately $288,259. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

UP Fintech Price Performance

Shares of TIGR opened at $4.69 on Monday. The company has a market cap of $889.69 million, a price-to-earnings ratio of 7.82 and a beta of 0.46. UP Fintech Holding Limited has a twelve month low of $4.00 and a twelve month high of $13.55. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $5.62 and a two-hundred day moving average of $7.27.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Bank of America restated a “buy” rating on shares of UP Fintech in a research note on Monday, June 1st. Wall Street Zen downgraded UP Fintech from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research note on Monday, April 20th. Finally, Citigroup dropped their target price on shares of UP Fintech to $7.10 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.23.

Institutional Trading of UP Fintech

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of UP Fintech in the second quarter worth about $33,000. GeoWealth Management LLC acquired a new position in UP Fintech in the 4th quarter worth approximately $35,000. Hsbc Holdings PLC purchased a new position in UP Fintech during the 1st quarter worth approximately $67,000. Castleview Partners LLC purchased a new position in UP Fintech during the 1st quarter worth approximately $74,000. Finally, Brooklyn Investment Group acquired a new stake in UP Fintech during the 4th quarter valued at approximately $94,000. 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.