UP Fintech Holding Limited (NASDAQ:TIGR) Stock Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts rate UP Fintech “Hold” on average: Of six analysts, three recommend buying, two advise holding and one recommends selling. The average 12-month price target is $6.51, compared with the stock’s reported opening price of $3.91.
• The company exceeded quarterly expectations, reporting $0.23 in earnings per share versus the $0.21 consensus estimate and revenue of $182.27 million versus $153.93 million expected.
• Institutional ownership stands at 9.03%: Several hedge funds increased their positions, including Renaissance Technologies, which lifted its holdings by 129.8% during the period covered.

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) has earned an average rating of "Hold" from the six analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $6.51.

A number of research analysts recently weighed in on the stock. Jefferies Financial Group restated a "buy" rating and set a $7.70 target price on shares of UP Fintech in a research note on Thursday, August 27th. Weiss Ratings cut UP Fintech from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, October 23rd. Zacks Research upgraded UP Fintech to a "hold" rating in a research report on Monday, September 14th. Finally, Wall Street Zen raised UP Fintech from a "sell" rating to a "hold" rating in a research note on Saturday, August 29th.

UP Fintech Stock Up 1.0%

TIGR opened at $3.91 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.06. UP Fintech has a 1-year low of $3.76 and a 1-year high of $11.35. The company has a market capitalization of $741.72 million, a PE ratio of 6.63 and a beta of 0.42. The firm's 50 day simple moving average is $4.57 and its two-hundred day simple moving average is $5.84.

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

Institutional Investors Weigh In On UP Fintech

Hedge funds have recently bought and sold shares of the business. Sparta 24 Ltd. lifted its position in UP Fintech by 9.1% in the first quarter. Sparta 24 Ltd. now owns 5,808,267 shares of the company's stock worth $36,592,000 after buying an additional 482,607 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of UP Fintech by 129.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,782,066 shares of the company's stock worth $11,227,000 after buying an additional 1,006,566 shares during the period. Headlands Technologies LLC bought a new position in shares of UP Fintech during the 2nd quarter worth $728,000. Bank of New York Mellon Corp grew its position in shares of UP Fintech by 7.5% during the 1st quarter. Bank of New York Mellon Corp now owns 79,336 shares of the company's stock worth $500,000 after buying an additional 5,564 shares in the last quarter. Finally, Profund Advisors LLC grew its position in shares of UP Fintech by 5.4% during the 3rd quarter. Profund Advisors LLC now owns 70,111 shares of the company's stock worth $322,000 after buying an additional 3,592 shares in the last quarter. Hedge funds and other institutional investors own 9.03% of the company's stock.

UP Fintech Company Profile

UP Fintech Holding Limited, operating under the Tiger Brokers brand, is a technology-driven online brokerage serving investors in China and other international markets. The company provides digital investment and trading services through its Tiger Trade platform, which is designed to give individual investors access to global financial markets.

Its services include brokerage accounts, trading in stocks, exchange-traded funds, options and futures, as well as market data, research tools and other investment-related services.

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