UP Fintech (NASDAQ:TIGR) Shares Gap Up to $4.58

UP Fintech Holding Limited (NASDAQ:TIGR) shares gapped up before the market opened on Monday . The stock had previously closed at $4.58, but opened at $5.44. UP Fintech shares last traded at $5.67, with a volume of 4,579,086 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup dropped their price objective on shares of UP Fintech from $6.49 to $5.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd.

UP Fintech Stock Performance

The company’s 50 day moving average is $3.82 and its 200 day moving average is $3.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $922.61 million, a P/E ratio of 24.83 and a beta of 0.90.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). UP Fintech had a return on equity of 5.35% and a net margin of 8.59%. The company had revenue of $87.44 million during the quarter.

Institutional Investors Weigh In On UP Fintech

A number of institutional investors have recently bought and sold shares of TIGR. Russell Investments Group Ltd. grew its stake in UP Fintech by 6,367.8% during the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock worth $1,560,000 after buying an additional 446,572 shares during the last quarter. Virtu Financial LLC raised its stake 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 in the last quarter. Cetera Advisors LLC acquired a new stake in shares of UP Fintech during the first quarter worth about $117,000. GSA Capital Partners LLP grew its holdings in shares of UP Fintech by 19.8% during the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock worth $967,000 after buying an additional 46,394 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of UP Fintech during the 2nd quarter valued at approximately $78,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

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.