UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) shares fell 6.7% during trading on Tuesday . The stock traded as low as $6.09 and last traded at $6.11. 3,244,473 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 4,765,509 shares. The stock had previously closed at $6.55.
Analyst Upgrades and Downgrades
TIGR has been the topic of several recent research reports. China Renaissance raised UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price target on the stock in a report on Thursday, October 24th. Citigroup restated a “sell” rating and issued a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.
Read Our Latest Stock Analysis on UP Fintech
UP Fintech Price Performance
UP Fintech (NASDAQ:TIGR – Get Free Report) last released its quarterly 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 business 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%.
Institutional Trading of UP Fintech
A number of institutional investors have recently modified their holdings of TIGR. Headlands Technologies LLC bought a new stake in shares of UP Fintech in the first quarter valued at about $34,000. Russell Investments Group Ltd. increased its position in shares of UP Fintech by 6,367.8% in the first 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 last quarter. Virtu Financial LLC increased its position in UP Fintech by 61.3% during the first 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. Cetera Advisors LLC acquired a new position in UP Fintech during the first quarter worth approximately $117,000. Finally, SG Americas Securities LLC acquired a new position in UP Fintech during the second quarter worth approximately $78,000. 9.03% of the stock is currently owned by institutional investors.
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.
Featured Stories
- Five stocks we like better than UP Fintech
- How to Effectively Use the MarketBeat Ratings Screener
- Home Depot Stock: Targeting 12% in 2024 and 25% More in 2025
- What is a Special Dividend?
- Is Tesla’s Valuation a Bubble or Backed by Real Growth?
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Trucking Stocks Led the Pack Last Week: Can They Keep Rolling?
Receive News & Ratings for UP Fintech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UP Fintech and related companies with MarketBeat.com's FREE daily email newsletter.