UP Fintech (NASDAQ:TIGR) Shares Gap Up to $4.79

UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $4.79, but opened at $5.04. UP Fintech shares last traded at $5.19, with a volume of 314,549 shares.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TIGR shares. Citigroup upped their price target on UP Fintech from $6.32 to $7.37 in a research note on Wednesday, August 30th. TheStreet upgraded UP Fintech from a “d+” rating to a “c-” rating in a research report on Friday, July 28th. Finally, Daiwa Capital Markets upgraded UP Fintech from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 5th.

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UP Fintech Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $822.40 million, a PE ratio of 31.19 and a beta of 1.34. The company has a 50-day simple moving average of $4.15 and a 200-day simple moving average of $3.40.

UP Fintech (NASDAQ:TIGR – Get Free Report) last posted its earnings results on Tuesday, August 29th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $66.06 million for the quarter. UP Fintech had a return on equity of 5.72% and a net margin of 10.22%.

Institutional Trading of UP Fintech

Large investors have recently made changes to their positions in the stock. Bayesian Capital Management LP acquired a new stake in shares of UP Fintech during the second quarter valued at $32,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of UP Fintech during the second quarter valued at $36,000. Brainard Capital Management LLC acquired a new stake in shares of UP Fintech during the first quarter valued at $42,000. Profund Advisors LLC acquired a new stake in shares of UP Fintech during the first quarter valued at $43,000. Finally, Advisor Group Holdings Inc. boosted its stake in shares of UP Fintech by 54.6% during the first quarter. Advisor Group Holdings Inc. now owns 11,040 shares of the company’s stock valued at $54,000 after acquiring an additional 3,900 shares during the last quarter. Institutional investors and hedge funds own 3.93% of the company’s stock.

About UP Fintech

(Get Free Report)

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; and account management services.

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