Citigroup Cuts UP Fintech (NASDAQ:TIGR) Price Target to $7.10

UP Fintech (NASDAQ:TIGRGet Free Report) had its price objective reduced by stock analysts at Citigroup to $7.10 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 53.51% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on TIGR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a report on Monday, April 20th. Bank of America reaffirmed a “buy” rating on shares of UP Fintech in a research report on Monday. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.23.

Check Out Our Latest Stock Analysis on TIGR

UP Fintech Trading Down 6.9%

TIGR stock traded down $0.35 during midday trading on Wednesday, hitting $4.63. 3,605,494 shares of the company’s stock were exchanged, compared to its average volume of 3,948,558. The stock’s fifty day moving average price is $6.32 and its 200-day moving average price is $7.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $877.36 million, a PE ratio of 5.07, a price-to-earnings-growth ratio of 0.18 and a beta of 0.45. UP Fintech has a one year low of $4.00 and a one year high of $13.55.

UP Fintech (NASDAQ:TIGRGet Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $142.01 million. Research analysts predict that UP Fintech will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in UP Fintech in the second quarter worth about $33,000. GeoWealth Management LLC purchased a new stake in UP Fintech in the fourth quarter worth about $35,000. Hsbc Holdings PLC purchased a new stake in UP Fintech in the first quarter worth about $67,000. Castleview Partners LLC purchased a new stake in UP Fintech in the first quarter worth about $74,000. Finally, SBI Securities Co. Ltd. lifted its holdings in UP Fintech by 21.2% in the third quarter. SBI Securities Co. Ltd. now owns 7,737 shares of the company’s stock worth $83,000 after buying an additional 1,355 shares during the period. 9.03% of the stock is currently owned by hedge funds and other institutional investors.

UP Fintech News Roundup

Here are the key news stories impacting UP Fintech this week:

About UP Fintech

(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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