UP Fintech (NASDAQ:TIGR – Get Free Report) was upgraded by China Renaissance from a “hold” rating to a “buy” rating in a research note issued on Thursday, Briefing.com reports.
Separately, Citigroup restated a “sell” rating and set a $5.50 price objective (up from $5.00) on shares of UP Fintech in a report on Tuesday.
Get Our Latest Analysis on UP Fintech
UP Fintech Price Performance
UP Fintech (NASDAQ:TIGR – Get Free Report) last posted its quarterly earnings data 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). 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 during the quarter.
Institutional Investors Weigh In On UP Fintech
Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of UP Fintech by 308.9% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after purchasing an additional 5,804 shares during the last quarter. Headlands Technologies LLC bought a new position in UP Fintech during the 1st quarter worth approximately $34,000. SG Americas Securities LLC acquired a new position in shares of UP Fintech in the 2nd quarter worth approximately $78,000. Blue Trust Inc. increased its holdings in shares of UP Fintech by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock valued at $78,000 after acquiring an additional 9,748 shares during the last quarter. Finally, Virtu Financial LLC raised 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 valued at $93,000 after acquiring an additional 10,329 shares in the last quarter. Institutional investors 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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