Insider Selling: UP Fintech (NASDAQ:TIGR) Director Sells $42,931.80 in Stock

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

UP Fintech Stock Performance

NASDAQ:TIGR opened at $4.62 on Thursday. 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 company has a market capitalization of $876.41 million, a P/E ratio of 7.70 and a beta of 0.45. The firm has a 50-day moving average price of $5.46 and a two-hundred day moving average price of $7.17. UP Fintech Holding Limited has a twelve month low of $4.00 and a twelve month high of $13.55.

Analyst Ratings Changes

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

Institutional Investors Weigh In On UP Fintech

Hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of UP Fintech in the 2nd quarter valued at about $33,000. GeoWealth Management LLC acquired a new position in UP Fintech in the fourth quarter worth about $35,000. Hsbc Holdings PLC acquired a new position in UP Fintech in the first quarter worth about $67,000. Castleview Partners LLC acquired a new position in UP Fintech in the first quarter worth about $74,000. Finally, Brooklyn Investment Group bought a new stake in UP Fintech in the fourth quarter valued at about $94,000. 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.