UP Fintech Sees Unusually Large Options Volume (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) saw unusually large options trading on Thursday. Stock investors purchased 47,791 put options on the company. This represents an increase of approximately 38% compared to the average volume of 34,663 put options.

Analysts Set New Price Targets

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

UP Fintech Trading Down 4.1 %

Shares of TIGR stock traded down $0.29 during trading hours on Tuesday, hitting $6.76. 7,977,318 shares of the company were exchanged, compared to its average volume of 6,662,782. 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 firm has a market cap of $1.25 billion, a PE ratio of 33.80 and a beta of 0.65. UP Fintech has a 1 year low of $3.10 and a 1 year high of $14.48. The firm has a fifty day moving average of $7.88 and a 200 day moving average of $7.05.

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 company had revenue of $124.10 million for the quarter, compared to analysts' expectations of $73.60 million. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%.

Hedge Funds Weigh In On UP Fintech

Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its holdings in shares of UP Fintech by 527.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $30,000 after purchasing an additional 3,901 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in UP Fintech in the 4th quarter worth approximately $34,000. Deutsche Bank AG bought a new stake in shares of UP Fintech in the 4th quarter valued at approximately $38,000. GAMMA Investing LLC raised its holdings in UP Fintech by 51.5% during the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock valued at $59,000 after buying an additional 3,105 shares in the last quarter. Finally, Tairen Capital Ltd bought a new stake in UP Fintech during the fourth quarter worth approximately $68,000. 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.