UP Fintech (NASDAQ:TIGR) Stock Rating Lowered by Wall Street Zen

Key Points

• UP Fintech's stock rating has been downgraded from a "buy" to a "hold" by Wall Street Zen, while Citigroup upgraded it from "neutral" to "buy" with a new price target of $14.00.
• The company's shares opened at $10.85, with a market cap of $2.00 billion and a 12-month high of $14.48.
• UP Fintech provides online brokerage services primarily targeting Chinese investors, allowing access to various financial instruments through its platform.

UP Fintech (NASDAQ:TIGR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Separately, Citigroup upgraded shares of UP Fintech from a "neutral" rating to a "buy" rating and raised their target price for the company from $9.50 to $14.00 in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, UP Fintech has a consensus rating of "Moderate Buy" and an average price target of $10.33.

UP Fintech Stock Up 4.1%

Shares of NASDAQ:TIGR opened at $10.85 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23. UP Fintech has a 12 month low of $3.39 and a 12 month high of $14.48. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 0.79 and a beta of 0.60. The company has a 50-day moving average price of $9.64 and a 200 day moving average price of $8.58.

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

Institutional Investors Weigh In On UP Fintech

Several large investors have recently added to or reduced their stakes in TIGR. Geode Capital Management LLC grew its position in shares of UP Fintech by 49.9% in the 4th quarter. Geode Capital Management LLC now owns 122,644 shares of the company's stock valued at $792,000 after buying an additional 40,802 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of UP Fintech in the 4th quarter valued at $1,219,000. Townsquare Capital LLC purchased a new position in shares of UP Fintech in the 4th quarter valued at $584,000. XTX Topco Ltd purchased a new position in shares of UP Fintech in the 4th quarter valued at $164,000. Finally, Jump Financial LLC acquired a new stake in UP Fintech during the 4th quarter worth $2,069,000. 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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