UP Fintech (NASDAQ:TIGR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of UP Fintech (NASDAQ:TIGR) from a sell rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

Other analysts have also recently issued research reports about the company. Citigroup lowered their price target on UP Fintech to $7.10 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating and set a $7.70 price objective on shares of UP Fintech in a report on Thursday. Finally, Bank of America reissued a “buy” rating on shares of UP Fintech in a research report on Monday, June 1st. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.16.

UP Fintech Trading Down 0.2%

Shares of UP Fintech stock opened at $5.04 on Friday. UP Fintech has a 1 year low of $4.00 and a 1 year high of $13.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50 day moving average price of $4.79 and a 200 day moving average price of $5.88. The company has a market capitalization of $956.09 million, a P/E ratio of 8.54 and a beta of 0.48.

Insider Buying and Selling at UP Fintech

In related news, Director Jian Liu sold 9,333 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $4.60, for a total value of $42,931.80. Following the transaction, the director directly owned 62,665 shares of the company’s stock, valued at approximately $288,259. This trade represents a 12.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIGR. Sanctuary Advisors LLC increased its stake in UP Fintech by 8.8% during the fourth quarter. Sanctuary Advisors LLC now owns 14,306 shares of the company’s stock worth $137,000 after acquiring an additional 1,159 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of UP Fintech by 2.8% in the 2nd quarter. Cetera Investment Advisers now owns 50,173 shares of the company’s stock valued at $484,000 after purchasing an additional 1,385 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of UP Fintech in the 2nd quarter valued at about $33,000. GeoWealth Management LLC purchased a new stake in shares of UP Fintech during the 4th quarter worth about $35,000. Finally, Barclays PLC grew its holdings in shares of UP Fintech by 3.8% during the 3rd quarter. Barclays PLC now owns 127,034 shares of the company’s stock worth $1,355,000 after purchasing an additional 4,599 shares during the period. Institutional investors and hedge funds own 9.03% of the company’s stock.

About UP Fintech

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.