Townsquare Capital LLC Invests $584,000 in UP Fintech Holding Limited (NASDAQ:TIGR)

Townsquare Capital LLC acquired a new position in UP Fintech Holding Limited (NASDAQ:TIGR - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 90,373 shares of the company's stock, valued at approximately $584,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in UP Fintech in the fourth quarter valued at $34,000. GAMMA Investing LLC increased its position in shares of UP Fintech by 51.5% in the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock worth $59,000 after purchasing an additional 3,105 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of UP Fintech in the 4th quarter valued at about $91,000. Alliance Wealth Advisors LLC UT bought a new position in shares of UP Fintech during the fourth quarter worth about $92,000. Finally, Truist Financial Corp bought a new position in shares of UP Fintech during the fourth quarter worth about $116,000. 9.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America started coverage on UP Fintech in a research note on Monday, March 17th. They set a "buy" rating on the stock. Citigroup raised UP Fintech from a "sell" rating to a "neutral" rating and upped their price target for the company from $5.80 to $9.50 in a research report on Wednesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a report on Thursday, January 2nd. They issued a "buy" rating and a $9.40 price objective for the company.

UP Fintech Stock Performance

Shares of NASDAQ:TIGR traded up $0.27 during trading on Wednesday, hitting $7.40. 5,537,466 shares of the company traded hands, compared to its average volume of 6,907,449. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The business's fifty day moving average is $7.73 and its 200-day moving average is $7.10. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 37.00 and a beta of 0.65. UP Fintech Holding Limited has a one year low of $3.25 and a one year high of $14.48.

UP Fintech (NASDAQ:TIGR - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.06. The firm had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%.

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.