UP Fintech Sees Unusually Large Options Volume (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors purchased 42,103 call options on the company. This represents an increase of 16% compared to the typical daily volume of 36,449 call options.

Institutional Trading of UP Fintech

A number of large investors have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in shares of UP Fintech in the 4th quarter worth about $213,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of UP Fintech in the 4th quarter worth about $457,000. Dorsey Wright & Associates purchased a new position in shares of UP Fintech in the 4th quarter worth about $2,579,000. Headlands Technologies LLC raised its holdings in shares of UP Fintech by 741.0% in the 4th quarter. Headlands Technologies LLC now owns 61,427 shares of the company's stock worth $397,000 after purchasing an additional 54,123 shares during the period. Finally, Geode Capital Management LLC raised its holdings 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 worth $792,000 after purchasing an additional 40,802 shares during the period. Institutional investors and hedge funds own 9.03% of the company's stock.

UP Fintech Stock Up 6.7%

TIGR stock traded up $0.70 during trading on Tuesday, hitting $11.12. 6,951,778 shares of the company's stock were exchanged, compared to its average volume of 7,840,349. 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 52-week low of $3.36 and a 52-week high of $14.48. The business has a 50-day moving average price of $9.08 and a two-hundred day moving average price of $8.09. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 0.96 and a beta of 0.67.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on TIGR shares. Wall Street Zen raised UP Fintech from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. Citigroup upgraded UP Fintech from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $9.50 to $14.00 in a research note on Tuesday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, UP Fintech currently has a consensus rating of "Buy" and a consensus price target of $10.33.

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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