UP Fintech Holding Limited (NASDAQ:TIGR) Receives $8.16 Average PT from Analysts

UP Fintech Holding Limited (NASDAQ:TIGR) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $8.1575.

Several brokerages have recently commented on TIGR. Jefferies Financial Group reiterated a “buy” rating and set a $7.70 price target on shares of UP Fintech in a research report on Thursday, August 27th. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research report on Monday, August 31st. Wall Street Zen raised UP Fintech from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Zacks Research upgraded UP Fintech to a “hold” rating in a report on Monday, September 14th. Finally, Bank of America reiterated a “buy” rating on shares of UP Fintech in a research report on Monday, June 1st.

UP Fintech Trading Down 0.2%

Shares of TIGR opened at $4.73 on Monday. The stock has a fifty day moving average price of $4.87 and a two-hundred day moving average price of $5.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.10. UP Fintech has a 52-week low of $4.00 and a 52-week high of $11.35. The company has a market cap of $897.28 million, a price-to-earnings ratio of 8.02, a PEG ratio of 0.31 and a beta of 0.51.

Insider Buying and Selling

In related news, Director Jian Liu sold 9,333 shares of the firm’s stock in a transaction 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 sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 50.90% of the company’s stock.

Institutional Inflows and Outflows

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

About UP Fintech

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.