Shares of UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $4.32, but opened at $4.15. UP Fintech shares last traded at $4.16, with a volume of 369,652 shares trading hands.
Wall Street Analyst Weigh In
Separately, Citigroup lowered their price target on UP Fintech from $6.49 to $5.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd.
Read Our Latest Analysis on UP Fintech
UP Fintech Price Performance
UP Fintech (NASDAQ:TIGR – Get Free Report) last issued its quarterly earnings data on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The firm had revenue of $87.44 million during the quarter. UP Fintech had a return on equity of 5.35% and a net margin of 8.59%.
Hedge Funds Weigh In On UP Fintech
Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of UP Fintech by 308.9% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after buying an additional 5,804 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of UP Fintech during the first quarter worth about $34,000. SG Americas Securities LLC acquired a new position in UP Fintech in the second quarter worth about $78,000. Virtu Financial LLC increased its holdings in UP Fintech by 61.3% in the first quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after buying an additional 10,329 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in UP Fintech during the first quarter valued at approximately $117,000. 9.03% of the stock is owned by institutional investors and hedge funds.
About UP Fintech
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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