UP Fintech Target of Unusually Large Options Trading (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) saw some unusual options trading on Wednesday. Stock traders bought 22,033 call options on the stock. This is an increase of 58% compared to the average daily volume of 13,921 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, UP Fintech presently has an average rating of “Hold” and an average price target of $11.83.

Institutional Trading of UP Fintech

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers grew its holdings in shares of UP Fintech by 2.8% in the 2nd quarter. Cetera Investment Advisers now owns 50,173 shares of the company’s stock valued at $484,000 after buying an additional 1,385 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of UP Fintech in the 2nd quarter valued at $4,441,000. Diversify Advisory Services LLC grew its holdings in shares of UP Fintech by 42.4% in the 2nd quarter. Diversify Advisory Services LLC now owns 54,651 shares of the company’s stock valued at $552,000 after buying an additional 16,271 shares during the period. Diversify Wealth Management LLC grew its holdings in shares of UP Fintech by 29.1% in the 2nd quarter. Diversify Wealth Management LLC now owns 177,706 shares of the company’s stock valued at $1,795,000 after buying an additional 40,032 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in shares of UP Fintech by 15.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,274,250 shares of the company’s stock valued at $12,297,000 after buying an additional 172,200 shares during the period. 9.03% of the stock is owned by institutional investors.

UP Fintech Trading Up 6.8%

Shares of TIGR stock traded up $0.43 during trading hours on Wednesday, reaching $6.69. The company had a trading volume of 3,394,800 shares, compared to its average volume of 2,854,519. The company has a 50 day moving average of $6.85 and a 200 day moving average of $8.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 7.35, a P/E/G ratio of 0.23 and a beta of 0.53. UP Fintech has a 1-year low of $5.95 and a 1-year high of $13.55.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $156.54 million for the quarter, compared to the consensus estimate of $142.01 million. UP Fintech had a return on equity of 21.87% and a net margin of 28.82%. On average, equities research analysts anticipate that UP Fintech will post 0.78 EPS for the current year.

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.