UP Fintech’s (TIGR) Sell Rating Reaffirmed at Citigroup

Citigroup reaffirmed their sell rating on shares of UP Fintech (NASDAQ:TIGR) in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a $5.50 target price on the stock, up from their previous target price of $5.00.

UP Fintech Stock Down 13.3 %

NASDAQ TIGR opened at $6.45 on Tuesday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 28.04 and a beta of 0.93. UP Fintech has a 52 week low of $3.10 and a 52 week high of $14.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a fifty day moving average of $5.19 and a 200-day moving average of $4.45.

UP Fintech (NASDAQ:TIGR) last announced 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.

Hedge Funds Weigh In On UP Fintech

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sparta 24 Ltd. lifted its stake in shares of UP Fintech by 113.7% in the 3rd quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company’s stock valued at $16,811,000 after purchasing an additional 1,675,296 shares during the period. Marshall Wace LLP increased its holdings in UP Fintech by 52.8% in the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock valued at $4,671,000 after purchasing an additional 384,213 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in UP Fintech by 6,367.8% in the first quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock valued at $1,560,000 after buying an additional 446,572 shares during the period. GSA Capital Partners LLP boosted its holdings in UP Fintech by 19.8% during the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock worth $967,000 after buying an additional 46,394 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of UP Fintech by 162.7% during the 2nd quarter. Renaissance Technologies LLC now owns 92,441 shares of the company’s stock worth $388,000 after buying an additional 57,257 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.