UP Fintech (NASDAQ:TIGR) Receives Sell Rating from Citigroup

UP Fintech (NASDAQ:TIGR - Get Free Report)'s stock had its "sell" rating reissued by analysts at Citigroup in a research report issued on Tuesday, Benzinga reports. They presently have a $5.50 price objective on the stock, up from their prior price objective of $5.00. Citigroup's price target suggests a potential downside of 14.73% from the company's current price.

UP Fintech Stock Performance

UP Fintech stock traded down $0.99 during midday trading on Tuesday, hitting $6.45. The company's stock had a trading volume of 23,105,945 shares, compared to its average volume of 4,332,185. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 28.04 and a beta of 0.93. UP Fintech has a 1-year low of $3.10 and a 1-year high of $14.48. The company has a 50-day moving average price of $5.19 and a two-hundred day moving average price of $4.45.

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 during the quarter. UP Fintech had a net margin of 8.59% and a return on equity of 5.35%.

Institutional Investors Weigh In On UP Fintech

A number of large investors have recently modified their holdings of the business. Sparta 24 Ltd. bought a new stake in UP Fintech during the 2nd quarter worth approximately $6,186,000. Russell Investments Group Ltd. boosted its position in shares of UP Fintech by 6,367.8% during the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company's stock valued at $1,560,000 after purchasing an additional 446,572 shares in the last quarter. Marshall Wace LLP lifted its position in shares of UP Fintech by 52.8% during the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company's stock valued at $4,671,000 after acquiring an additional 384,213 shares during the period. Renaissance Technologies LLC increased its position in UP Fintech by 162.7% in the 2nd quarter. Renaissance Technologies LLC now owns 92,441 shares of the company's stock valued at $388,000 after buying an additional 57,257 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in UP Fintech by 19.8% in the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company's stock worth $967,000 after acquiring an additional 46,394 shares in the last quarter. Institutional investors and hedge funds 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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