UP Fintech (NASDAQ:TIGR) Trading Up 8.3% – What’s Next?

UP Fintech Holding Limited (NASDAQ:TIGR) traded up 8.3% on Friday . The stock traded as high as $6.65 and last traded at $6.76. 1,518,371 shares were traded during trading, a decline of 48% from the average session volume of 2,907,522 shares. The stock had previously closed at $6.24.

Analysts Set New Price Targets

Several research firms have recently weighed in on TIGR. China Renaissance raised UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a research note on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target on the stock. Finally, Citigroup reiterated a “sell” rating and issued a $5.50 price target (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.

UP Fintech Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day moving average price of $6.38 and a 200 day moving average price of $5.50. The company has a market capitalization of $1.23 billion, a PE ratio of 33.23 and a beta of 0.86.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Marshall Wace LLP boosted its position in UP Fintech by 52.8% during the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock worth $4,671,000 after acquiring an additional 384,213 shares during the period. Quadrature Capital Ltd bought a new stake in shares of UP Fintech in the third quarter valued at about $516,000. Sparta 24 Ltd. increased its position in shares of UP Fintech by 113.7% during the third quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company’s stock valued at $16,811,000 after purchasing an additional 1,675,296 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in UP Fintech by 66.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock valued at $1,090,000 after buying an additional 81,300 shares during the period. Finally, Virtu Financial LLC acquired a new position in UP Fintech in the third quarter worth about $539,000. 9.03% of the stock is 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.