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

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 47,078 call options on the stock. This is an increase of approximately 43% compared to the average volume of 32,816 call options.

UP Fintech Price Performance

TIGR stock remained flat at $8.86 during midday trading on Friday. 6,485,476 shares of the company's stock traded hands, compared to its average volume of 6,405,448. The business has a 50-day moving average price of $7.45 and a 200-day moving average price of $6.64. 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 company has a market cap of $1.64 billion, a price-to-earnings ratio of 44.30 and a beta of 0.87. 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 announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.06. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The business had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP grew its holdings in UP Fintech by 492.4% in the fourth quarter. Marshall Wace LLP now owns 5,599,514 shares of the company's stock valued at $36,173,000 after purchasing an additional 4,654,351 shares during the period. Two Sigma Investments LP boosted its holdings in shares of UP Fintech by 808.5% in the 4th quarter. Two Sigma Investments LP now owns 1,817,787 shares of the company's stock valued at $11,743,000 after purchasing an additional 1,617,702 shares during the last quarter. Millennium Management LLC grew its stake in shares of UP Fintech by 2,631.2% during the 4th quarter. Millennium Management LLC now owns 1,620,968 shares of the company's stock valued at $10,471,000 after buying an additional 1,561,617 shares during the period. Contrarius Group Holdings Ltd acquired a new stake in shares of UP Fintech during the 4th quarter worth $8,105,000. Finally, Two Sigma Advisers LP raised its position in shares of UP Fintech by 841.6% in the 4th quarter. Two Sigma Advisers LP now owns 888,900 shares of the company's stock worth $5,742,000 after buying an additional 794,500 shares during the period. Institutional investors and hedge funds own 9.03% of the company's stock.

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Analyst Upgrades and Downgrades

TIGR has been the topic of a number of recent analyst reports. Bank of America started coverage on UP Fintech in a report on Monday, March 17th. They set a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They set a "buy" rating and a $9.40 target price on the stock. Finally, Citigroup upgraded shares of UP Fintech from a "sell" rating to a "neutral" rating and increased their price target for the company from $5.80 to $9.50 in a report on Wednesday.

About UP Fintech

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.