Equities research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of UP Fintech (NASDAQ:TIGR - Get Free Report) in a research note issued on Thursday, Marketbeat reports. The brokerage set a "buy" rating and a $9.40 price target on the stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 40.72% from the stock's previous close.
Other equities analysts have also issued reports about the stock. China Renaissance upgraded shares of UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 price objective on the stock in a report on Thursday, October 24th. Citigroup restated a "sell" rating and set a $5.50 price target (up from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd.
Read Our Latest Report on UP Fintech
UP Fintech Trading Up 3.4 %
TIGR traded up $0.22 on Thursday, hitting $6.68. The company had a trading volume of 3,310,484 shares, compared to its average volume of 5,026,348. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.23 billion, a P/E ratio of 33.40 and a beta of 0.88. The company's fifty day moving average price is $6.44 and its 200 day moving average price is $5.36. UP Fintech has a 1 year low of $3.10 and a 1 year high of $14.48.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in TIGR. Sparta 24 Ltd. increased its stake in UP Fintech by 113.7% during the 3rd quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company's stock worth $16,811,000 after buying an additional 1,675,296 shares during the period. Marshall Wace LLP increased its position in shares of UP Fintech by 52.8% during the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company's stock worth $4,671,000 after acquiring an additional 384,213 shares during the period. Virtu Financial LLC acquired a new stake in shares of UP Fintech in the third quarter valued at $539,000. Quadrature Capital Ltd acquired a new stake in shares of UP Fintech in the third quarter valued at $516,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in UP Fintech by 66.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company's stock valued at $1,090,000 after purchasing an additional 81,300 shares during the period. Hedge funds and other institutional investors own 9.03% of the company's stock.
UP Fintech Company Profile
(
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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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