Traders Purchase High Volume of UP Fintech Put Options (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) was the recipient of some unusual options trading on Thursday. Stock traders bought 47,791 put options on the company. This represents an increase of 38% compared to the typical daily volume of 34,663 put options.

Institutional Investors Weigh In On UP Fintech

A number of hedge funds have recently bought and sold shares of TIGR. Tower Research Capital LLC TRC increased its stake in shares of UP Fintech by 527.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $30,000 after buying an additional 3,901 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of UP Fintech during the fourth quarter worth about $34,000. Deutsche Bank AG purchased a new stake in shares of UP Fintech during the fourth quarter worth approximately $38,000. GAMMA Investing LLC increased its position in UP Fintech by 51.5% during 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 period. Finally, Tairen Capital Ltd purchased a new stake in shares of UP Fintech during the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 9.03% of the company's stock.

UP Fintech Stock Down 2.6 %

Shares of NASDAQ TIGR traded down $0.19 during midday trading on Monday, hitting $7.05. The company's stock had a trading volume of 11,780,048 shares, compared to its average volume of 6,657,538. UP Fintech has a 1 year low of $3.10 and a 1 year high of $14.48. The business's fifty day simple moving average is $7.87 and its two-hundred day simple moving average is $7.02. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 35.25 and a beta of 0.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11.

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

Wall Street Analyst Weigh In

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

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.