Investors Buy High Volume of Call Options on UP Fintech (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) saw some unusual options trading on Friday. Stock investors acquired 18,342 call options on the stock. This represents an increase of 696% compared to the typical volume of 2,304 call options.

Wall Street Analysts Forecast Growth

Separately, Citigroup decreased their price target 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of UP Fintech by 308.9% in the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock valued at $26,000 after buying an additional 5,804 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of UP Fintech during the first quarter valued at approximately $34,000. SG Americas Securities LLC acquired a new position in shares of UP Fintech during the second quarter worth $78,000. Virtu Financial LLC boosted its stake in shares of UP Fintech by 61.3% in the first quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after purchasing an additional 10,329 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in UP Fintech during the 1st quarter valued at $117,000. 9.03% of the stock is owned by institutional investors and hedge funds.

UP Fintech Trading Down 4.8 %

Shares of NASDAQ TIGR traded down $0.23 during trading on Friday, hitting $4.58. 13,592,085 shares of the company traded hands, compared to its average volume of 1,079,985. The firm has a market capitalization of $718.56 million, a P/E ratio of 21.74 and a beta of 0.90. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $3.82 and a 200-day moving average price of $3.96. UP Fintech has a 1 year low of $3.10 and a 1 year high of $5.72.

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

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; and account management services.