UP Fintech Target of Unusually High Options Trading (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) was the target of some unusual options trading on Monday. Traders acquired 35,712 call options on the company. This is an increase of approximately 24% compared to the average daily volume of 28,784 call options.

UP Fintech Price Performance

Shares of TIGR traded up $0.52 during trading hours on Monday, reaching $6.71. 16,361,361 shares of the company's stock traded hands, compared to its average volume of 4,549,380. The stock has a market cap of $1.05 billion, a PE ratio of 39.47 and a beta of 0.93. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The firm's 50 day simple moving average is $5.38 and its 200-day simple moving average is $4.53. UP Fintech has a 12 month low of $3.10 and a 12 month high of $14.48.

UP Fintech (NASDAQ:TIGR - Get Free Report) last issued its quarterly earnings results on Friday, August 30th. The company reported $0.02 earnings per share (EPS) 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%.

Wall Street Analyst Weigh In

TIGR has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "sell" rating and set a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. China Renaissance raised UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 target price for the company in a report on Thursday.

Institutional Trading of UP Fintech

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in UP Fintech by 53.6% in the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company's stock valued at $32,000 after purchasing an additional 2,104 shares during the last quarter. Blue Trust Inc. lifted its position 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 purchasing an additional 9,748 shares during the last quarter. Headlands Technologies LLC bought a new stake in UP Fintech in the first quarter valued at approximately $34,000. Virtu Financial LLC lifted its position in UP Fintech by 61.3% in the first quarter. Virtu Financial LLC now owns 27,169 shares of the company's stock valued at $93,000 after purchasing an additional 10,329 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in UP Fintech in the second quarter valued at approximately $78,000. 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.