GAMMA Investing LLC Has $792,000 Stake in UP Fintech Holding Limited (NASDAQ:TIGR)

GAMMA Investing LLC increased its stake in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) by 908.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 92,154 shares of the company's stock after purchasing an additional 83,018 shares during the quarter. GAMMA Investing LLC's holdings in UP Fintech were worth $792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in UP Fintech by 527.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $30,000 after purchasing an additional 3,901 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of UP Fintech during the fourth quarter worth approximately $34,000. Deutsche Bank AG acquired a new position in shares of UP Fintech during the fourth quarter worth approximately $38,000. Tairen Capital Ltd acquired a new position in shares of UP Fintech during the fourth quarter worth approximately $68,000. Finally, Truist Financial Corp acquired a new position in shares of UP Fintech during the fourth quarter worth approximately $116,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TIGR shares. Citigroup upgraded UP Fintech from a "sell" rating to a "neutral" rating and upped their price target for the stock from $5.80 to $9.50 in a report on Wednesday, March 19th. Wall Street Zen upgraded UP Fintech from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Finally, Bank of America started coverage on UP Fintech in a report on Monday, March 17th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $8.83.

UP Fintech Stock Performance

Shares of NASDAQ TIGR opened at $8.41 on Wednesday. The business has a fifty day simple moving average of $8.30 and a 200 day simple moving average of $7.66. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 0.79 and a beta of 0.64. UP Fintech Holding Limited has a one year low of $3.36 and a one year high of $14.48.

UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its quarterly earnings results on Friday, May 30th. The company reported $0.20 earnings per share for the quarter. The firm had revenue of $122.61 million for the quarter. UP Fintech had a return on equity of 13.19% and a net margin of 18.11%.

About UP Fintech

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.

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