UP Fintech Holding Limited (NASDAQ:TIGR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• UP Fintech has a “Moderate Buy” consensus rating from six analysts: four buys, one hold and one sell. The average 12-month price target is $8.16, above the reported share price of $4.83.
• TIGR shares have traded between $4.00 and $11.55 over the past year, with a market capitalization of approximately $916 million and a P/E ratio of 8.19.
• Institutional ownership stands at 9.03%, with several major investment firms increasing their positions; meanwhile, director Jian Liu sold 9,333 shares at an average price of $4.60.

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six analysts that are covering the firm, Marketbeat reports. One equities research 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 target price among brokers that have issued ratings on the stock in the last year is $8.1575.

Several equities analysts have weighed in on the company. Bank of America restated a "buy" rating on shares of UP Fintech in a research note on Monday, June 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of UP Fintech in a report on Monday, August 31st. Jefferies Financial Group reissued a "buy" rating and set a $7.70 price target on shares of UP Fintech in a research report on Thursday, August 27th. Citigroup cut their price target on shares of UP Fintech to $7.10 and set a "buy" rating on the stock in a report on Wednesday, June 3rd. Finally, Wall Street Zen raised shares of UP Fintech from a "sell" rating to a "hold" rating in a research report on Saturday, August 29th.

UP Fintech Stock Performance

Shares of TIGR opened at $4.83 on Monday. The firm has a market capitalization of $916.25 million, a P/E ratio of 8.19 and a beta of 0.51. UP Fintech has a 52 week low of $4.00 and a 52 week high of $11.55. The stock has a 50 day moving average price of $4.86 and a two-hundred day moving average price of $5.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.10.

Insider Activity at UP Fintech

In other news, Director Jian Liu sold 9,333 shares of the business's stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $4.60, for a total value of $42,931.80. Following the transaction, the director owned 62,665 shares in the company, valued at $288,259. The trade was a 12.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of UP Fintech

A number of hedge funds have recently bought and sold shares of TIGR. Capital International Investors purchased a new position in UP Fintech in the fourth quarter worth $47,855,000. Jupiter Asset Management Ltd. increased its position in shares of UP Fintech by 157.3% during the 4th quarter. Jupiter Asset Management Ltd. now owns 4,216,229 shares of the company's stock valued at $40,307,000 after purchasing an additional 2,577,459 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of UP Fintech by 66.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,408,122 shares of the company's stock worth $57,705,000 after purchasing an additional 2,161,023 shares during the period. National Bank of Canada FI raised its stake in shares of UP Fintech by 450.4% during the 3rd quarter. National Bank of Canada FI now owns 1,976,720 shares of the company's stock worth $21,092,000 after purchasing an additional 1,617,600 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of UP Fintech by 122.6% in the 2nd quarter. Bank of America Corp DE now owns 2,282,337 shares of the company's stock worth $22,025,000 after buying an additional 1,257,251 shares during the last quarter. 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 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.

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