UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $8.06, but opened at $7.42. UP Fintech shares last traded at $7.88, with a volume of 6,503,498 shares changing hands.
Analyst Ratings Changes
Separately, Citigroup dropped their price objective on UP Fintech from $6.49 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd.
Get Our Latest Stock Report on TIGR
UP Fintech Price Performance
UP Fintech (NASDAQ:TIGR – Get Free Report) last posted its earnings results on Friday, August 30th. The company reported $0.02 earnings per share 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 business had revenue of $87.44 million for the quarter.
Hedge Funds Weigh In On UP Fintech
Several hedge funds have recently bought and sold shares of TIGR. Marshall Wace LLP lifted its position in shares of 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 buying an additional 384,213 shares during the last quarter. Russell Investments Group Ltd. raised its position in UP Fintech by 6,367.8% in the first quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock valued at $1,560,000 after purchasing an additional 446,572 shares during the last quarter. Virtu Financial LLC boosted its position in UP Fintech by 61.3% during the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock worth $93,000 after buying an additional 10,329 shares during the period. Cetera Advisors LLC bought a new position in UP Fintech during the 1st quarter worth $117,000. Finally, GSA Capital Partners LLP lifted its stake in shares of UP Fintech by 19.8% in the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock worth $967,000 after acquiring an additional 46,394 shares during the period. 9.03% of the stock is owned by institutional investors.
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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