UP Fintech (NASDAQ:TIGR – Get Free Report) issued its earnings results on Wednesday. The company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $3.24, FiscalAI reports. The business had revenue of $160.75 million for the quarter, compared to the consensus estimate of $153.93 million. UP Fintech had a net margin of 17.64% and a return on equity of 13.90%.
UP Fintech Price Performance
NASDAQ:TIGR opened at $5.47 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 9.12 and a beta of 0.48. UP Fintech has a 52 week low of $4.00 and a 52 week high of $13.42. The firm’s 50-day simple moving average is $4.76 and its 200 day simple moving average is $5.96.
Insider Activity
In related news, Director Jian Liu sold 9,333 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $4.60, for a total value of $42,931.80. Following the completion of the sale, the director directly owned 62,665 shares in the company, valued at approximately $288,259. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Hedge Funds Weigh In On UP Fintech
Wall Street Analyst Weigh In
TIGR has been the subject of a number of recent analyst reports. Bank of America reiterated a “buy” rating on shares of UP Fintech in a research note on Monday, June 1st. Citigroup lowered their price objective on shares of UP Fintech to $7.10 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Finally, Wall Street Zen cut shares of UP Fintech from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.23.
Check Out Our Latest Report on TIGR
UP Fintech Company Profile
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.
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