UP Fintech Holding Limited (NASDAQ:TIGR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $8.1575.

TIGR has been the topic of several research reports. Bank of America restated a “buy” rating on shares of UP Fintech in a research note on Monday, June 1st. Wall Street Zen raised UP Fintech from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Jefferies Financial Group restated a “buy” rating and issued a $7.70 price objective on shares of UP Fintech in a research note on Thursday, August 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a report on Monday, August 31st. Finally, Citigroup cut their target price on shares of UP Fintech to $7.10 and set a “buy” rating for the company in a research report on Wednesday, June 3rd.

Insider Activity at UP Fintech

In related news, Director Jian Liu sold 9,333 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $4.60, for a total transaction of $42,931.80. Following the sale, the director directly owned 62,665 shares in the company, valued at approximately $288,259. This represents a 12.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On UP Fintech

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of UP Fintech during the second quarter worth $33,000. GeoWealth Management LLC purchased a new position in shares of UP Fintech in the fourth quarter valued at $35,000. Hsbc Holdings PLC bought a new stake in shares of UP Fintech during the 1st quarter valued at $67,000. AXQ Capital LP bought a new stake in shares of UP Fintech during the 2nd quarter valued at $72,000. Finally, Castleview Partners LLC purchased a new stake in UP Fintech during the 1st quarter worth about $74,000. Institutional investors own 9.03% of the company’s stock.

UP Fintech Stock Performance

NASDAQ:TIGR opened at $4.83 on Monday. UP Fintech has a 12 month low of $4.00 and a 12 month high of $11.55. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $4.86 and its 200 day moving average is $5.68. The stock has a market capitalization of $916.25 million, a PE ratio of 8.19 and a beta of 0.51.

UP Fintech Company Profile

UP Fintech Holding Limited, operating under the Tiger Brokers brand, is an online brokerage and financial services company focused on serving investors through digital trading platforms. The company provides access to securities markets and offers tools for trading stocks, exchange-traded funds, options, futures and other investment products, subject to the regulations of the markets in which its subsidiaries operate.

Tiger Brokers’ platforms are designed to support individual and institutional investors with services that may include brokerage accounts, margin financing, market data, research, portfolio management tools and new-issue or initial public offering subscription services.