UP Fintech (NASDAQ:TIGR) Upgraded to Buy at Wall Street Zen

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

Other equities research analysts have also recently issued research reports about the stock. Bank of America assumed coverage on shares of UP Fintech in a report on Monday, March 17th. They set a "buy" rating on the stock. Citigroup upgraded UP Fintech from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $5.80 to $9.50 in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $8.83.

UP Fintech Stock Performance

Shares of NASDAQ:TIGR traded up $0.16 during midday trading on Friday, reaching $8.41. The company had a trading volume of 4,490,738 shares, compared to its average volume of 7,191,457. UP Fintech has a 52-week low of $3.36 and a 52-week high of $14.48. The company's 50 day moving average price is $8.15 and its 200 day moving average price is $7.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.55 billion, a P/E ratio of 42.05 and a beta of 0.64.

UP Fintech (NASDAQ:TIGR - Get Free Report) last issued its earnings results on Friday, May 30th. The company reported $0.20 earnings per share for the quarter. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%. The firm had revenue of $122.61 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TIGR. Acadian Asset Management LLC increased its holdings in shares of UP Fintech by 818.7% in the 1st quarter. Acadian Asset Management LLC now owns 126,596 shares of the company's stock worth $1,085,000 after buying an additional 112,816 shares during the last quarter. Millennium Management LLC increased its stake in UP Fintech by 48.0% in the first quarter. Millennium Management LLC now owns 2,398,744 shares of the company's stock valued at $20,605,000 after acquiring an additional 777,776 shares during the last quarter. Eschler Asset Management LLP purchased a new stake in UP Fintech during the first quarter valued at about $1,031,000. Vident Advisory LLC lifted its stake in UP Fintech by 20.7% during the first quarter. Vident Advisory LLC now owns 89,490 shares of the company's stock worth $769,000 after purchasing an additional 15,318 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of UP Fintech in the 1st quarter worth about $9,467,000. 9.03% of the stock is owned by institutional investors.

UP Fintech Company Profile

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.