UP Fintech (NASDAQ:TIGR) Lifted to “Buy” at China Renaissance

China Renaissance upgraded shares of UP Fintech (NASDAQ:TIGR) from a hold rating to a buy rating in a research report report published on Thursday morning, Marketbeat reports. China Renaissance currently has $7.58 price target on the stock.

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

UP Fintech Price Performance

TIGR stock opened at $6.19 on Thursday. The stock’s 50 day moving average is $5.38 and its two-hundred day moving average is $4.52. UP Fintech has a 52-week low of $3.10 and a 52-week high of $14.48. The company has a market capitalization of $1.03 billion, a PE ratio of 26.91 and a beta of 0.93. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.32.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results on Friday, August 30th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $87.44 million during the quarter. UP Fintech had a net margin of 8.59% and a return on equity of 5.35%.

Institutional Trading of UP Fintech

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of UP Fintech by 308.9% during the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock valued at $26,000 after buying an additional 5,804 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of UP Fintech by 19.8% during the 1st quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock worth $967,000 after purchasing an additional 46,394 shares during the period. Headlands Technologies LLC bought a new stake in shares of UP Fintech in the 1st quarter worth approximately $34,000. Russell Investments Group Ltd. boosted its position in UP Fintech by 6,367.8% during the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock valued at $1,560,000 after purchasing an additional 446,572 shares during the period. Finally, Virtu Financial LLC grew its stake in UP Fintech by 61.3% during the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock worth $93,000 after buying an additional 10,329 shares during the last quarter. 9.03% of the stock is owned by institutional investors and hedge funds.

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 services.