UP Fintech (NASDAQ:TIGR) Stock Rating Upgraded by Zacks Research

UP Fintech (NASDAQ:TIGR) was upgraded by Zacks Research to a “hold” rating in a report released on Monday, Zacks reports.

TIGR has been the topic of several other research reports. Bank of America reissued a “buy” rating on shares of UP Fintech in a research report on Monday, June 1st. Wall Street Zen upgraded UP Fintech from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research note on Monday, August 31st. Citigroup reduced their target price on shares of UP Fintech to $7.10 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $7.70 price objective on shares of UP Fintech in a report on Thursday, August 27th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, UP Fintech currently has a consensus rating of “Hold” and an average price target of $8.16.

UP Fintech Stock Down 2.9%

Shares of NASDAQ TIGR opened at $4.71 on Monday. UP Fintech has a 52-week low of $4.00 and a 52-week high of $11.55. The business’s 50 day moving average is $4.87 and its two-hundred day moving average is $5.64. The firm has a market cap of $893.49 million, a price-to-earnings ratio of 7.98, a PEG ratio of 0.32 and a beta of 0.51. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.06.

Insider Activity

In other UP Fintech news, Director Jian Liu sold 9,333 shares of UP Fintech 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 $288,259. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On UP Fintech

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IPG Investment Advisors LLC increased its holdings in shares of UP Fintech by 66.4% in the second quarter. IPG Investment Advisors LLC now owns 26,370 shares of the company’s stock valued at $116,000 after purchasing an additional 10,520 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of UP Fintech in the second quarter valued at about $136,000. Engineers Gate Manager LP purchased a new stake in shares of UP Fintech in the second quarter valued at about $266,000. AXQ Capital LP acquired a new position in shares of UP Fintech during the second quarter worth about $72,000. Finally, Headlands Technologies LLC acquired a new position in shares of UP Fintech during the second quarter worth about $728,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

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.