UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report)’s share price was up 12.7% on Thursday . The company traded as high as $7.49 and last traded at $7.46. Approximately 16,247,719 shares traded hands during mid-day trading, an increase of 247% from the average daily volume of 4,685,293 shares. The stock had previously closed at $6.62.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. Citigroup reiterated a “sell” rating and issued a $5.50 target price (up from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd. China Renaissance upgraded shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price on the stock in a research report on Thursday, October 24th.
View Our Latest Stock Report on TIGR
UP Fintech Price Performance
UP Fintech (NASDAQ:TIGR – Get Free Report) last released its earnings results on Friday, August 30th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The firm had revenue of $87.44 million for the quarter. UP Fintech had a net margin of 8.59% and a return on equity of 5.35%.
Hedge Funds Weigh In On UP Fintech
Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of UP Fintech by 53.6% in the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after acquiring an additional 2,104 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in UP Fintech by 38.5% in the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after purchasing an additional 4,377 shares in the last quarter. Blue Trust Inc. lifted its stake in UP Fintech by 198.6% in the third quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock valued at $78,000 after buying an additional 9,748 shares during the period. Headlands Technologies LLC bought a new position in shares of UP Fintech during the 1st quarter worth approximately $34,000. Finally, Virtu Financial LLC grew its position in shares of 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 period. 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.
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