UP Fintech (NASDAQ:TIGR) Shares Up 4.6% - Should You Buy?

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) traded up 4.6% during trading on Monday . The stock traded as high as $8.08 and last traded at $8.09. 874,391 shares were traded during trading, a decline of 87% from the average session volume of 6,955,052 shares. The stock had previously closed at $7.73.

Analyst Upgrades and Downgrades

TIGR has been the subject of several research reports. Bank of America assumed coverage on shares of UP Fintech in a research note on Monday, March 17th. They issued a "buy" rating for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of UP Fintech in a report on Thursday, January 2nd. They issued a "buy" rating and a $9.40 price target for the company. Finally, Citigroup raised shares of UP Fintech from a "sell" rating to a "neutral" rating and raised their price objective for the company from $5.80 to $9.50 in a research note on Wednesday, March 19th.

UP Fintech Stock Up 5.0 %

The firm has a market capitalization of $1.50 billion, a P/E ratio of 40.63 and a beta of 0.65. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $7.66 and a 200 day simple moving average of $7.05.

UP Fintech (NASDAQ:TIGR - Get Free Report) last released its earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.06. The firm had revenue of $124.10 million during the quarter, compared to analysts' expectations of $73.60 million. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%.

Institutional Investors Weigh In On UP Fintech

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of UP Fintech during the 3rd quarter worth approximately $539,000. Nkcfo LLC purchased a new position in UP Fintech during the 4th quarter worth approximately $323,000. Jump Financial LLC purchased a new position in UP Fintech during the 4th quarter worth approximately $2,069,000. Diversify Wealth Management LLC purchased a new position in shares of UP Fintech in the 4th quarter valued at approximately $742,000. Finally, Quantbot Technologies LP acquired a new stake in shares of UP Fintech in the 4th quarter valued at approximately $213,000. 9.03% of the stock is owned by hedge funds and other institutional investors.

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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