UP Fintech (NASDAQ:TIGR) Price Target Cut to $6.22

UP Fintech (NASDAQ:TIGRGet Free Report) had its target price decreased by investment analysts at Citigroup from $8.01 to $6.22 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 72.78% from the stock’s current price.

Separately, The Goldman Sachs Group boosted their price target on UP Fintech from $2.84 to $3.17 and gave the company a “sell” rating in a report on Tuesday, November 28th.

Read Our Latest Stock Report on TIGR

UP Fintech Trading Down 5.5 %

Shares of UP Fintech stock opened at $3.60 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.21 and a quick ratio of 1.21. UP Fintech has a 1 year low of $2.31 and a 1 year high of $5.80. The company has a market capitalization of $562.00 million, a P/E ratio of 18.00 and a beta of 1.23. The business has a 50 day moving average price of $3.98 and a 200 day moving average price of $4.44.

Institutional Trading of UP Fintech

Several institutional investors have recently made changes to their positions in TIGR. Advisor Group Holdings Inc. grew its stake in shares of UP Fintech by 54.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 11,040 shares of the company’s stock valued at $54,000 after buying an additional 3,900 shares during the period. BlackRock Inc. grew its stake in shares of UP Fintech by 2.8% during the 1st quarter. BlackRock Inc. now owns 1,881,275 shares of the company’s stock valued at $9,218,000 after buying an additional 51,577 shares during the period. Cetera Investment Advisers grew its stake in shares of UP Fintech by 31.0% during the 1st quarter. Cetera Investment Advisers now owns 19,000 shares of the company’s stock valued at $93,000 after buying an additional 4,500 shares during the period. Penserra Capital Management LLC grew its stake in shares of UP Fintech by 21.3% during the 1st quarter. Penserra Capital Management LLC now owns 128,714 shares of the company’s stock valued at $630,000 after buying an additional 22,564 shares during the period. Finally, Invesco Ltd. boosted its position in UP Fintech by 63.6% during the 1st quarter. Invesco Ltd. now owns 144,835 shares of the company’s stock worth $710,000 after purchasing an additional 56,290 shares during the period. 3.93% of the stock is owned by hedge funds and other institutional investors.

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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