UP Fintech’s (TIGR) “Sell” Rating Reaffirmed at Citigroup

UP Fintech (NASDAQ:TIGR)‘s stock had its “sell” rating reissued by equities research analysts at Citigroup in a research note issued on Tuesday, Marketbeat.com reports. They currently have a $5.50 price objective on the stock, up from their prior price objective of $5.00. Citigroup’s target price suggests a potential downside of 9.09% from the stock’s current price.

UP Fintech Price Performance

Shares of NASDAQ TIGR opened at $6.05 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $5.24 and its 200-day moving average price is $4.47. The firm has a market capitalization of $1.01 billion, a P/E ratio of 25.87 and a beta of 0.93. UP Fintech has a 1-year low of $3.10 and a 1-year high of $14.48.

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

Hedge Funds Weigh In On UP Fintech

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in UP Fintech by 308.9% in 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 increased its position in UP Fintech by 19.8% in the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock worth $967,000 after buying an additional 46,394 shares during the last quarter. Headlands Technologies LLC purchased a new stake in UP Fintech in the 1st quarter worth about $34,000. Russell Investments Group Ltd. raised its stake in UP Fintech by 6,367.8% in the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock valued at $1,560,000 after acquiring an additional 446,572 shares during the period. Finally, Virtu Financial LLC lifted its holdings in UP Fintech by 61.3% during the first quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after purchasing an additional 10,329 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.