UP Fintech (NASDAQ:TIGR) Stock Rating Upgraded by China Renaissance

UP Fintech (NASDAQ:TIGR) was upgraded by equities research analysts at China Renaissance from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a $7.58 target price on the stock. China Renaissance’s target price would suggest a potential upside of 22.46% from the stock’s current price.

Separately, Citigroup restated a “sell” rating and set a $5.50 price target (up from $5.00) on shares of UP Fintech in a report on Tuesday.

UP Fintech Trading Up 0.8 %

NASDAQ TIGR opened at $6.19 on Thursday. The firm’s 50 day moving average price is $5.34 and its two-hundred day moving average price is $4.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.15. UP Fintech has a twelve month low of $3.10 and a twelve month high of $14.48. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 26.91 and a beta of 0.93.

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

Institutional Investors Weigh In On UP Fintech

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in UP Fintech by 308.9% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock valued at $26,000 after acquiring an additional 5,804 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of UP Fintech by 19.8% during the 1st quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock worth $967,000 after purchasing an additional 46,394 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of UP Fintech during the 1st quarter valued at $34,000. Russell Investments Group Ltd. lifted its stake in shares of UP Fintech by 6,367.8% in the 1st 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. Finally, Virtu Financial LLC boosted 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 purchasing an additional 10,329 shares in the last quarter. 9.03% of the stock is currently owned by institutional investors and hedge funds.

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.