Investors Purchase High Volume of Call Options on UP Fintech (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 93,379 call options on the company. This represents an increase of approximately 159% compared to the average volume of 36,116 call options.

Institutional Trading of UP Fintech

Several institutional investors have recently modified their holdings of TIGR. Truist Financial Corp acquired a new stake in shares of UP Fintech in the fourth quarter valued at about $116,000. Handelsbanken Fonder AB acquired a new position in UP Fintech during the fourth quarter worth about $131,000. Wrapmanager Inc. acquired a new position in UP Fintech during the fourth quarter worth about $140,000. Central Asset Investments & Management Holdings HK Ltd acquired a new position in UP Fintech during the fourth quarter worth about $194,000. Finally, SBI Securities Co. Ltd. acquired a new position in UP Fintech during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 9.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of UP Fintech from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Citigroup upgraded shares of UP Fintech from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $5.80 to $9.50 in a research note on Wednesday, March 19th. Finally, Bank of America assumed coverage on shares of UP Fintech in a research note on Monday, March 17th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, UP Fintech has a consensus rating of "Moderate Buy" and an average price target of $8.83.

UP Fintech Price Performance

Shares of NASDAQ TIGR traded down $0.52 during trading on Friday, hitting $9.42. The company had a trading volume of 5,601,438 shares, compared to its average volume of 7,485,401. The stock has a fifty day simple moving average of $8.62 and a two-hundred day simple moving average of $7.79. UP Fintech has a fifty-two week low of $3.36 and a fifty-two week high of $14.48. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 0.90 and a beta of 0.64. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.23.

UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its 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.

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.