Equities researchers at Jefferies Financial Group initiated coverage on shares of UP Fintech (NASDAQ:TIGR - Get Free Report) in a research note issued to investors on Monday, Marketbeat reports. The firm set a "buy" rating on the stock.
Several other equities analysts have also issued reports on TIGR. Wall Street Zen raised shares of UP Fintech from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Citigroup raised shares of UP Fintech from a "neutral" rating to a "buy" rating and upped their target price for the company from $9.50 to $14.00 in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $10.75.
Check Out Our Latest Analysis on TIGR
UP Fintech Stock Down 1.4%
TIGR stock opened at $10.71 on Monday. The company has a market cap of $1.98 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 0.71 and a beta of 0.64. UP Fintech has a twelve month low of $5.36 and a twelve month high of $14.48. The business's 50-day simple moving average is $10.97 and its 200 day simple moving average is $9.46.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in TIGR. Harbour Capital Advisors LLC purchased a new position in UP Fintech during the first quarter worth about $575,000. Acadian Asset Management LLC increased its holdings in UP Fintech by 818.7% during the 1st quarter. Acadian Asset Management LLC now owns 126,596 shares of the company's stock worth $1,085,000 after acquiring an additional 112,816 shares during the period. Canada Pension Plan Investment Board bought a new stake in UP Fintech during the 1st quarter worth approximately $9,467,000. Sparta 24 Ltd. increased its holdings in shares of UP Fintech by 48.0% in the 1st quarter. Sparta 24 Ltd. now owns 3,657,104 shares of the company's stock worth $31,415,000 after buying an additional 1,186,137 shares during the last quarter. Finally, Eschler Asset Management LLP purchased a new stake in shares of UP Fintech in the 1st quarter valued at $1,031,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.
UP Fintech Company Profile
(
Get Free Report)
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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