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

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $9.2325.

A number of brokerages have weighed in on TIGR. Citigroup reduced their target price on UP Fintech to $7.10 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Wall Street Zen lowered UP Fintech from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, Bank of America reiterated a “buy” rating on shares of UP Fintech in a research report on Monday, June 1st.

Insider Activity at UP Fintech

In other news, Director Jian Liu sold 9,333 shares of the firm’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 value of $42,931.80. Following the sale, the director directly owned 62,665 shares in the company, valued at approximately $288,259. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 50.90% of the company’s stock.

Hedge Funds Weigh In On UP Fintech

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in UP Fintech in the second quarter valued at approximately $33,000. GeoWealth Management LLC acquired a new position in shares of UP Fintech in the fourth quarter valued at approximately $35,000. Hsbc Holdings PLC bought a new position in UP Fintech in the 1st quarter valued at approximately $67,000. Castleview Partners LLC bought a new position in UP Fintech in the 1st quarter valued at approximately $74,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in UP Fintech during the 2nd quarter worth approximately $76,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

UP Fintech Stock Performance

Shares of NASDAQ:TIGR opened at $4.84 on Thursday. The company’s 50 day simple moving average is $4.72 and its 200 day simple moving average is $6.05. The stock has a market capitalization of $918.15 million, a price-to-earnings ratio of 8.07 and a beta of 0.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 1.10. UP Fintech has a 1 year low of $4.00 and a 1 year high of $13.55.

UP Fintech Company Profile

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.