UP Fintech Holding Limited (NASDAQ:TIGR) Receives $11.83 Consensus PT from Brokerages

UP Fintech Holding Limited (NASDAQ:TIGR) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $11.8325.

A number of brokerages have commented on TIGR. The Goldman Sachs Group restated a “sell” rating and set a $4.73 price target on shares of UP Fintech in a research note on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research report on Wednesday, January 21st. Finally, Citigroup upped their price target on UP Fintech to $17.50 and gave the company a “buy” rating in a research report on Friday, December 5th.

Institutional Investors Weigh In On UP Fintech

A number of hedge funds have recently made changes to their positions in the company. Dorsey Wright & Associates boosted its position in UP Fintech by 2.6% in the fourth quarter. Dorsey Wright & Associates now owns 204,132 shares of the company’s stock valued at $1,952,000 after buying an additional 5,144 shares in the last quarter. XTX Topco Ltd raised its stake in shares of UP Fintech by 615.1% in the fourth quarter. XTX Topco Ltd now owns 78,916 shares of the company’s stock valued at $754,000 after acquiring an additional 67,881 shares during the last quarter. Numerai GP LLC acquired a new position in shares of UP Fintech in the 4th quarter worth approximately $329,000. Oxford Asset Management LLP bought a new stake in UP Fintech during the 4th quarter worth approximately $232,000. Finally, Man Group plc grew its position in UP Fintech by 6.5% during the 4th quarter. Man Group plc now owns 1,906,970 shares of the company’s stock worth $18,231,000 after acquiring an additional 116,424 shares during the last quarter. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Price Performance

TIGR opened at $7.61 on Thursday. The company has a market capitalization of $1.42 billion, a P/E ratio of 9.17, a P/E/G ratio of 0.23 and a beta of 0.43. The firm’s fifty day moving average price is $8.76 and its two-hundred day moving average price is $9.69. UP Fintech has a fifty-two week low of $6.38 and a fifty-two week high of $13.55.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08. The company had revenue of $175.16 million during the quarter, compared to the consensus estimate of $132.76 million. UP Fintech had a net margin of 27.42% and a return on equity of 21.09%. During the same period last year, the firm earned $0.11 EPS.

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.