UP Fintech Holding Limited (NASDAQ:TIGR) Receives Average Recommendation of “Hold” from Analysts

UP Fintech Holding Limited (NASDAQ:TIGRGet Free Report) has earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $11.8325.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a report on Monday, April 20th.

Get Our Latest Stock Analysis on TIGR

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Sparta 24 Ltd. increased its holdings in shares of UP Fintech by 9.1% in the 1st quarter. Sparta 24 Ltd. now owns 5,808,267 shares of the company’s stock valued at $36,592,000 after acquiring an additional 482,607 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of UP Fintech by 66.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,408,122 shares of the company’s stock valued at $57,705,000 after acquiring an additional 2,161,023 shares during the last quarter. Capital International Investors purchased a new position in shares of UP Fintech in the 4th quarter valued at about $47,855,000. Jupiter Asset Management Ltd. increased its holdings in shares of UP Fintech by 157.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 4,216,229 shares of the company’s stock valued at $40,307,000 after acquiring an additional 2,577,459 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of UP Fintech by 122.6% in the 2nd quarter. Bank of America Corp DE now owns 2,282,337 shares of the company’s stock valued at $22,025,000 after acquiring an additional 1,257,251 shares during the last quarter. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Price Performance

Shares of NASDAQ TIGR opened at $6.38 on Tuesday. The stock’s 50-day moving average is $6.88 and its two-hundred day moving average is $8.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.12. UP Fintech has a 1-year low of $5.95 and a 1-year high of $13.55. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 7.01, a price-to-earnings-growth ratio of 0.23 and a beta of 0.53.

UP Fintech (NASDAQ:TIGRGet Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. UP Fintech had a return on equity of 21.87% and a net margin of 28.82%.The company had revenue of $156.54 million for the quarter, compared to the consensus estimate of $142.01 million. Analysts forecast that UP Fintech will post 0.78 EPS for the current fiscal year.

UP Fintech Company Profile

(Get Free Report)

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.

Further Reading

Analyst Recommendations for UP Fintech (NASDAQ:TIGR)

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