UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $8.54, but opened at $9.04. UP Fintech shares last traded at $8.84, with a volume of 1,133,342 shares.
Analysts Set New Price Targets
A number of equities research analysts have commented on TIGR shares. Citigroup raised UP Fintech from a "sell" rating to a "neutral" rating and raised their target price for the company from $5.80 to $9.50 in a report on Wednesday, March 19th. Bank of America started coverage on UP Fintech in a research note on Monday, March 17th. They issued a "buy" rating on the stock. Finally, Wall Street Zen raised UP Fintech from a "hold" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $8.83.
Check Out Our Latest Stock Report on UP Fintech
UP Fintech Trading Down 6.4%
The company has a 50-day simple moving average of $8.19 and a 200-day simple moving average of $7.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $1.46 billion, a P/E ratio of 39.45 and a beta of 0.70.
UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its quarterly earnings data on Friday, May 30th. The company reported $0.20 EPS for the quarter. The business had revenue of $122.61 million during the quarter. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%.
Institutional Investors Weigh In On UP Fintech
A number of large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new position in shares of UP Fintech in the 4th quarter valued at $796,000. Jump Financial LLC acquired a new position in UP Fintech during the 4th quarter valued at about $2,069,000. Nkcfo LLC purchased a new position in shares of UP Fintech in the 4th quarter worth approximately $323,000. Quantbot Technologies LP bought a new stake in shares of UP Fintech in the 4th quarter worth approximately $213,000. Finally, Atria Investments Inc bought a new stake in shares of UP Fintech in the 4th quarter worth approximately $321,000. Institutional investors and hedge funds own 9.03% of the company's stock.
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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