UP Fintech Holding Limited (NASDAQ:TIGR) Stock Rated “Hold” by Wall Street Brokerages

UP Fintech Holding Limited (NASDAQ:TIGR) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $8.16.

A number of equities research analysts recently issued reports on TIGR shares. Zacks Research upgraded shares of UP Fintech to a “hold” rating in a research report on Monday, September 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a research note on Monday, August 31st. Wall Street Zen raised shares of UP Fintech from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $7.70 target price on shares of UP Fintech in a research note on Thursday, August 27th.

UP Fintech Stock Performance

UP Fintech stock opened at $4.32 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a fifty day moving average price of $4.81 and a two-hundred day moving average price of $5.30. UP Fintech has a 52-week low of $4.00 and a 52-week high of $11.35. The firm has a market capitalization of $819.50 million, a P/E ratio of 7.32, a P/E/G ratio of 0.29 and a beta of 0.42.

UP Fintech (NASDAQ:TIGR) last issued its earnings results on Thursday, August 27th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. UP Fintech had a net margin of 16.22% and a return on equity of 13.11%. The company had revenue of $182.27 million for the quarter, compared to the consensus estimate of $153.93 million. As a group, analysts anticipate that UP Fintech will post 0.42 EPS for the current fiscal year.

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. IPG Investment Advisors LLC grew its holdings 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 purchasing an additional 10,520 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of UP Fintech in the second quarter valued at about $136,000. Engineers Gate Manager LP bought a new position in shares of UP Fintech in the second quarter valued at about $266,000. AXQ Capital LP acquired a new position in UP Fintech during the 2nd quarter worth about $72,000. Finally, Headlands Technologies LLC acquired a new position in UP Fintech during the 2nd quarter worth about $728,000. 9.03% of the stock is owned by institutional investors and hedge funds.

About UP Fintech

UP Fintech Holding Limited, operating under the Tiger Brokers brand, is a technology-driven online brokerage company that provides trading and investment services to individual and institutional investors. The company offers access to securities markets through digital platforms, including mobile and online applications designed to support account management, market research, and trade execution.

Tiger Brokers’ services include trading in stocks and exchange-traded funds, as well as options and other investment products in selected markets.