UP Fintech (NASDAQ:TIGR) Research Coverage Started at UBS Group

UBS Group began coverage on shares of UP Fintech (NASDAQ:TIGR) in a report issued on Thursday, Marketbeat Ratings reports. The firm issued a buy rating and a $13.10 price target on the stock.

Other equities analysts also recently issued research reports about the company. Wall Street Zen upgraded UP Fintech from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Citigroup upgraded UP Fintech from a “neutral” rating to a “buy” rating and raised their target price for the company from $9.50 to $14.00 in a research report on Tuesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group began coverage on UP Fintech in a research report on Monday, September 29th. They issued a “buy” rating and a $12.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.13.

UP Fintech Trading Up 1.3%

Shares of TIGR stock opened at $10.28 on Thursday. The company has a market capitalization of $1.90 billion, a P/E ratio of 15.82, a P/E/G ratio of 0.67 and a beta of 0.55. The business’s 50 day moving average is $10.88 and its two-hundred day moving average is $9.64. UP Fintech has a 12-month low of $5.36 and a 12-month high of $13.55.

Institutional Investors Weigh In On UP Fintech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. increased its stake in UP Fintech by 22.7% during the second quarter. SBI Securities Co. Ltd. now owns 6,382 shares of the company’s stock worth $62,000 after acquiring an additional 1,179 shares during the last quarter. Cetera Investment Advisers increased its stake in UP Fintech by 2.8% during the second quarter. Cetera Investment Advisers now owns 50,173 shares of the company’s stock worth $484,000 after acquiring an additional 1,385 shares during the last quarter. Shilanski & Associates Inc. increased its stake in UP Fintech by 5.0% during the third quarter. Shilanski & Associates Inc. now owns 31,033 shares of the company’s stock worth $331,000 after acquiring an additional 1,487 shares during the last quarter. GAMMA Investing LLC increased its stake in UP Fintech by 17.4% during the first quarter. GAMMA Investing LLC now owns 10,728 shares of the company’s stock worth $92,000 after acquiring an additional 1,592 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in UP Fintech by 14.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,517 shares of the company’s stock worth $130,000 after acquiring an additional 1,676 shares during the last quarter. Institutional investors and hedge funds 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.