Shares of UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.2325.
TIGR has been the topic of a number of research reports. Wall Street Zen lowered UP Fintech from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Citigroup dropped their target price on UP Fintech to $7.10 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th. Finally, Bank of America restated a “buy” rating on shares of UP Fintech in a research note on Monday, June 1st.
Read Our Latest Research Report on UP Fintech
UP Fintech Price Performance
Insider Transactions at UP Fintech
In other UP Fintech news, Director Jian Liu sold 9,333 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $4.60, for a total value of $42,931.80. Following the completion of the sale, the director owned 62,665 shares of the company’s stock, valued at $288,259. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 50.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On UP Fintech
A number of hedge funds and other institutional investors have recently made changes to their positions in TIGR. Raymond James Financial Inc. bought a new stake in shares of UP Fintech in the second quarter valued at approximately $33,000. GeoWealth Management LLC acquired a new position in UP Fintech in the 4th quarter valued at $35,000. Hsbc Holdings PLC acquired a new position in UP Fintech in the 1st quarter valued at $67,000. Castleview Partners LLC bought a new stake in shares of UP Fintech during the 1st quarter valued at $74,000. Finally, Brooklyn Investment Group bought a new stake in shares of UP Fintech during the 4th quarter valued at $94,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.
About UP Fintech
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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