UP Fintech (NASDAQ:TIGR) Shares Gap Up – Should You Buy?

UP Fintech Holding Limited (NASDAQ:TIGR) gapped up before the market opened on Tuesday . The stock had previously closed at $7.21, but opened at $7.40. UP Fintech shares last traded at $7.42, with a volume of 738,433 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. China Renaissance raised UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price objective on the stock in a research note on Thursday, October 24th. Citigroup restated a “sell” rating and issued a $5.50 price target (up previously from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd.

UP Fintech Trading Up 2.2 %

The stock’s fifty day moving average is $6.46 and its 200 day moving average is $5.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $1.36 billion, a P/E ratio of 36.85 and a beta of 0.88.

Institutional Investors Weigh In On UP Fintech

Several institutional investors have recently modified their holdings of TIGR. GAMMA Investing LLC raised its holdings in UP Fintech by 53.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock valued at $32,000 after buying an additional 2,104 shares during the period. Blue Trust Inc. raised its stake in shares of UP Fintech by 198.6% in the third quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock valued at $78,000 after acquiring an additional 9,748 shares during the period. SG Americas Securities LLC bought a new stake in shares of UP Fintech in the 2nd quarter worth about $78,000. Asset Management One Co. Ltd. lifted its holdings in shares of UP Fintech by 38.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after acquiring an additional 4,377 shares during the last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of UP Fintech by 100.6% during the 2nd quarter. Headlands Technologies LLC now owns 19,954 shares of the company’s stock worth $84,000 after purchasing an additional 10,006 shares during the period. 9.03% of the stock is 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.