Analysts Set UP Fintech Holding Limited (NASDAQ:TIGR) Price Target at $11.35

UP Fintech Holding Limited (NASDAQ:TIGR) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $11.3460.

Several brokerages have weighed in on TIGR. Wall Street Zen downgraded UP Fintech from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Citigroup increased their target price on UP Fintech to $17.50 and gave the stock a “buy” rating in a research report on Friday, December 5th. UBS Group assumed coverage on UP Fintech in a research note on Thursday, October 23rd. They issued a “buy” rating and a $13.10 price target on the stock. Jefferies Financial Group started coverage on shares of UP Fintech in a research note on Monday, September 29th. They set a “buy” rating and a $12.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a report on Wednesday, October 8th.

UP Fintech Trading Down 4.5%

NASDAQ:TIGR opened at $8.82 on Friday. UP Fintech has a 12-month low of $5.64 and a 12-month high of $13.55. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.60 and a beta of 0.37. The company’s 50-day moving average is $9.57 and its two-hundred day moving average is $9.98.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. The business had revenue of $175.16 million during the quarter, compared to analyst estimates of $132.76 million. UP Fintech had a net margin of 27.42% and a return on equity of 21.09%. During the same quarter in the previous year, the business posted $0.11 earnings per share.

Institutional Trading of UP Fintech

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in shares of UP Fintech by 818.7% in the first quarter. Acadian Asset Management LLC now owns 126,596 shares of the company’s stock worth $1,085,000 after acquiring an additional 112,816 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in UP Fintech during the 1st quarter worth $9,467,000. Eschler Asset Management LLP purchased a new stake in UP Fintech during the 1st quarter worth $1,031,000. Arrowstreet Capital Limited Partnership increased its holdings in UP Fintech by 282.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,247,099 shares of the company’s stock valued at $31,335,000 after purchasing an additional 2,397,261 shares in the last quarter. Finally, Nuveen LLC purchased a new position in UP Fintech in the first quarter valued at about $819,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

UP Fintech Company Profile

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.