UP Fintech (NASDAQ:TIGR) Stock Price Up 8%

UP Fintech Holding Limited (NASDAQ:TIGR) traded up 8% on Thursday . The stock traded as high as $3.77 and last traded at $3.77. 838,494 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 963,874 shares. The stock had previously closed at $3.49.

Analysts Set New Price Targets

Separately, Citigroup reduced their price target on shares of UP Fintech from $6.49 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd.

UP Fintech Stock Performance

The firm has a market capitalization of $638.47 million, a price-to-earnings ratio of 16.30 and a beta of 0.90. The firm has a 50 day moving average price of $3.87 and a 200-day moving average price of $3.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.15 and a quick ratio of 1.15.

UP Fintech (NASDAQ:TIGR) last released its 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). 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 for the quarter.

Institutional Trading of UP Fintech

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in UP Fintech by 308.9% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after purchasing an additional 5,804 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of UP Fintech in the 1st quarter valued at $34,000. SG Americas Securities LLC acquired a new stake in UP Fintech during the 2nd quarter worth $78,000. Virtu Financial LLC lifted its position in 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 acquiring an additional 10,329 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in UP Fintech in the second quarter valued at $129,000. 9.03% of the stock is owned by hedge funds and other institutional investors.

About UP Fintech

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.