UP Fintech Holding Limited (NASDAQ:TIGR) Receives Consensus Rating of "Hold" from Analysts

Key Points

• UP Fintech received a consensus “Hold” rating from seven analysts: four issued buy ratings, two rated it hold, and one recommended selling. The average 12-month price target is $8.16.
• The company reported quarterly EPS of $0.23, exceeding the $0.21 analyst consensus, while revenue of $182.27 million also surpassed estimates of $153.93 million.
• TIGR shares opened at $4.32, near the lower end of their 52-week range of $4.00 to $11.35. Institutional investors own approximately 9.03% of the company, with Renaissance Technologies increasing its stake by 129.8% during the first quarter.

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) has been assigned a consensus rating of "Hold" from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $8.16.

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

UP Fintech Price Performance

Shares of NASDAQ:TIGR opened at $4.32 on Friday. The business has a 50 day moving average price of $4.81 and a 200 day moving average price of $5.30. UP Fintech has a twelve month low of $4.00 and a twelve month high of $11.35. The company has a market cap of $819.50 million, a price-to-earnings ratio of 7.32, a PEG ratio of 0.29 and a beta of 0.42. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.06.

UP Fintech (NASDAQ:TIGR - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. UP Fintech had a return on equity of 13.11% and a net margin of 16.22%.The firm had revenue of $182.27 million for the quarter, compared to analyst estimates of $153.93 million. Research analysts predict that UP Fintech will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On UP Fintech

Several institutional investors and hedge funds have recently added to or reduced their stakes in TIGR. Renaissance Technologies LLC increased its holdings in UP Fintech by 129.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,782,066 shares of the company's stock valued at $11,227,000 after buying an additional 1,006,566 shares during the period. Sparta 24 Ltd. lifted its holdings in shares of UP Fintech by 9.1% during the 1st quarter. Sparta 24 Ltd. now owns 5,808,267 shares of the company's stock worth $36,592,000 after acquiring an additional 482,607 shares during the period. Headlands Technologies LLC acquired a new stake in shares of UP Fintech during the 2nd quarter valued at about $728,000. Evergreen Quality Fund GP Ltd. acquired a new stake in shares of UP Fintech during the 4th quarter valued at about $771,000. Finally, Engineers Gate Manager LP acquired a new position in UP Fintech in the second quarter worth about $266,000. 9.03% of the stock is currently owned by institutional investors.

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.

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