UP Fintech (NASDAQ:TIGR) Upgraded to Buy at China Renaissance

China Renaissance upgraded shares of UP Fintech (NASDAQ:TIGR) from a hold rating to a buy rating in a report issued on Thursday, MarketBeat Ratings reports. They currently have $7.58 price target on the stock.

Separately, Citigroup restated a “sell” rating and issued a $5.50 target price (up from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd.

UP Fintech Price Performance

Shares of TIGR opened at $6.19 on Thursday. UP Fintech has a one year low of $3.10 and a one year high of $14.48. The stock’s fifty day moving average is $5.38 and its 200-day moving average is $4.52. 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 firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 26.91 and a beta of 0.93.

UP Fintech (NASDAQ:TIGR) last released its earnings results on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company 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%.

Hedge Funds Weigh In On UP Fintech

Several large investors have recently made changes to their positions in TIGR. GAMMA Investing LLC raised its holdings in shares of UP Fintech by 308.9% in the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after purchasing an additional 5,804 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of UP Fintech during the 1st quarter valued at $34,000. SG Americas Securities LLC bought a new stake in shares of UP Fintech during the 2nd quarter worth $78,000. Blue Trust Inc. grew its holdings in shares of UP Fintech by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after acquiring an additional 9,748 shares during the last quarter. Finally, Virtu Financial LLC lifted its holdings in shares of UP Fintech by 61.3% during 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 last quarter. Institutional investors own 9.03% of the company’s stock.

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.