UP Fintech (NASDAQ:TIGR) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of UP Fintech (NASDAQ:TIGR) in a research note released on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $9.40 price target on the stock.

TIGR has been the topic of a number of other research reports. China Renaissance upgraded UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price on the stock in a report on Thursday, October 24th. Citigroup reaffirmed a “sell” rating and issued a $5.50 price objective (up from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd.

UP Fintech Stock Up 3.4 %

Shares of NASDAQ:TIGR opened at $6.68 on Thursday. UP Fintech has a 12-month low of $3.10 and a 12-month high of $14.48. The stock’s 50-day moving average price is $6.44 and its two-hundred day moving average price is $5.36. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 33.40 and a beta of 0.88.

Institutional Investors Weigh In On UP Fintech

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of UP Fintech by 49.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 75,198 shares of the company’s stock worth $402,000 after purchasing an additional 24,726 shares during the period. Virtu Financial LLC acquired a new stake in shares of UP Fintech in the 3rd quarter worth about $539,000. Geode Capital Management LLC lifted its position in UP Fintech by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 81,842 shares of the company’s stock valued at $437,000 after purchasing an additional 4,082 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in UP Fintech during the 3rd quarter valued at about $121,000. Finally, State Street Corp grew its position in UP Fintech by 4.8% in the 3rd quarter. State Street Corp now owns 742,452 shares of the company’s stock worth $3,965,000 after purchasing an additional 34,186 shares during the last quarter. 9.03% of the stock is owned by institutional investors and hedge funds.

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.