Stock Traders Purchase Large Volume of UP Fintech Call Options (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of some unusual options trading activity on Friday. Stock traders acquired 141,639 call options on the stock. This represents an increase of approximately 564% compared to the typical volume of 21,329 call options.

Analysts Set New Price Targets

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

Institutional Trading of UP Fintech

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in UP Fintech by 53.6% in the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after buying an additional 2,104 shares during the last quarter. Headlands Technologies LLC acquired a new position in UP Fintech in the first quarter worth approximately $34,000. 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 worth $93,000 after buying an additional 10,329 shares during the last quarter. SG Americas Securities LLC acquired a new position in UP Fintech in the second quarter worth approximately $78,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in UP Fintech in the second quarter worth approximately $129,000. 9.03% of the stock is owned by hedge funds and other institutional investors.

UP Fintech Price Performance

Shares of NASDAQ TIGR opened at $8.62 on Friday. UP Fintech has a twelve month low of $3.10 and a twelve month high of $14.48. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 50.71 and a beta of 0.93. The firm has a 50-day moving average of $4.76 and a two-hundred day moving average of $4.28.

UP Fintech (NASDAQ:TIGR) last posted 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). UP Fintech had a net margin of 8.59% and a return on equity of 5.35%. The firm had revenue of $87.44 million for the quarter.

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.