UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $8.13, but opened at $9.15. UP Fintech shares last traded at $9.82, with a volume of 9,603,242 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Citigroup upgraded UP Fintech from a "sell" rating to a "neutral" rating and lifted their price target for the company from $5.80 to $9.50 in a report on Wednesday, March 19th. Bank of America initiated 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 shares of UP Fintech from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $8.83.
Get Our Latest Stock Analysis on UP Fintech
UP Fintech Stock Up 22.4%
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 company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 0.73 and a beta of 0.64. The company has a 50-day moving average of $8.43 and a 200-day moving average of $7.74.
UP Fintech (NASDAQ:TIGR - Get Free Report) last issued its quarterly earnings results on Friday, May 30th. The company reported $0.20 earnings per share (EPS) for the quarter. UP Fintech had a net margin of 18.11% and a return on equity of 13.19%. The business had revenue of $122.61 million for the quarter.
Hedge Funds Weigh In On UP Fintech
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIGR. Tower Research Capital LLC TRC increased its holdings in shares of UP Fintech by 527.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock valued at $30,000 after purchasing an additional 3,901 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of UP Fintech in the 4th quarter valued at $34,000. Deutsche Bank AG acquired a new stake in shares of UP Fintech in the fourth quarter worth $38,000. Tairen Capital Ltd purchased a new position in shares of UP Fintech during the fourth quarter worth $68,000. Finally, Bingham Private Wealth LLC acquired a new position in UP Fintech during the first quarter valued at $90,000. Hedge funds and other institutional investors 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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