UP Fintech (NASDAQ:TIGR) Shares Gap Down – Time to Sell?

UP Fintech Holding Limited (NASDAQ:TIGR)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $5.84, but opened at $4.01. UP Fintech shares last traded at $4.3940, with a volume of 45,136,694 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, UP Fintech currently has a consensus rating of “Hold” and an average target price of $11.83.

UP Fintech Stock Down 22.7%

The stock’s fifty day moving average is $6.66 and its two-hundred day moving average is $8.11. The company has a market capitalization of $855.93 million, a PE ratio of 4.97, a P/E/G ratio of 0.21 and a beta of 0.53. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.06.

UP Fintech (NASDAQ:TIGR) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. UP Fintech had a return on equity of 21.87% and a net margin of 28.82%.The business had revenue of $156.54 million for the quarter, compared to analysts’ expectations of $142.01 million. As a group, analysts predict that UP Fintech Holding Limited will post 0.78 EPS for the current year.

Institutional Investors Weigh In On UP Fintech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its stake in UP Fintech by 8.8% in the 4th quarter. Sanctuary Advisors LLC now owns 14,306 shares of the company’s stock valued at $137,000 after acquiring an additional 1,159 shares during the period. SBI Securities Co. Ltd. raised its stake in UP Fintech by 21.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,737 shares of the company’s stock valued at $83,000 after acquiring an additional 1,355 shares during the period. Jones Financial Companies Lllp raised its stake in UP Fintech by 11.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,906 shares of the company’s stock valued at $131,000 after acquiring an additional 1,364 shares during the period. Cetera Investment Advisers raised its stake in 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 acquiring an additional 1,385 shares during the period. Finally, Personal CFO Solutions LLC raised its stake in UP Fintech by 10.4% in the 4th quarter. Personal CFO Solutions LLC now owns 32,372 shares of the company’s stock valued at $309,000 after acquiring an additional 3,046 shares during the period. 9.03% of the stock is currently owned by institutional investors.

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.