UP Fintech (NASDAQ:TIGR) Upgraded at Citigroup

Citigroup upgraded shares of UP Fintech (NASDAQ:TIGR) from a sell rating to a neutral rating in a report released on Wednesday morning, Marketbeat reports. They currently have $9.50 price objective on the stock, up from their previous price objective of $5.80.

Several other analysts have also issued reports on TIGR. Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price target on the stock. Bank of America initiated coverage on UP Fintech in a research report on Monday, March 17th. They issued a “buy” rating for the company.

UP Fintech Stock Performance

Shares of TIGR stock opened at $8.86 on Wednesday. UP Fintech has a 12-month low of $3.10 and a 12-month high of $14.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $7.45 and a 200-day moving average of $6.62. The firm has a market cap of $1.64 billion, a P/E ratio of 44.30 and a beta of 0.87.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The firm had revenue of $124.10 million for the quarter, compared to analysts’ expectations of $73.60 million.

Hedge Funds Weigh In On UP Fintech

A number of institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake in UP Fintech by 527.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $30,000 after buying an additional 3,901 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in UP Fintech in the fourth quarter valued at $34,000. Deutsche Bank AG purchased a new stake in UP Fintech during the fourth quarter valued at about $38,000. GAMMA Investing LLC lifted its stake in UP Fintech by 51.5% during the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock worth $59,000 after purchasing an additional 3,105 shares during the last quarter. Finally, Tairen Capital Ltd purchased a new position in shares of UP Fintech in the 4th quarter worth about $68,000. 9.03% of the stock is currently owned by institutional investors.

UP Fintech Company Profile

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 services.