UP Fintech (NASDAQ:TIGR) Shares Gap Up – What’s Next?

UP Fintech Holding Limited (NASDAQ:TIGR) shares gapped up before the market opened on Tuesday . The stock had previously closed at $5.78, but opened at $6.12. UP Fintech shares last traded at $6.11, with a volume of 1,054,401 shares.

Analyst Ratings Changes

A number of research analysts recently weighed in on TIGR shares. Citigroup reissued a “sell” rating and issued a $5.50 price objective (up from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a research note on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price objective for the company. Finally, China Renaissance upgraded shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price on the stock in a research note on Thursday, October 24th.

UP Fintech Price Performance

The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 30.55 and a beta of 0.86. The stock has a fifty day simple moving average of $6.42 and a 200-day simple moving average of $5.47. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.

Institutional Trading of UP Fintech

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of UP Fintech by 53.6% during the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock valued at $32,000 after buying an additional 2,104 shares during the last quarter. Blue Trust Inc. raised its holdings in UP Fintech by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock valued at $78,000 after acquiring an additional 9,748 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of UP Fintech by 38.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after acquiring an additional 4,377 shares during the period. Headlands Technologies LLC grew its holdings in shares of UP Fintech by 100.6% during the 2nd quarter. Headlands Technologies LLC now owns 19,954 shares of the company’s stock worth $84,000 after purchasing an additional 10,006 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of UP Fintech in the third quarter valued at $121,000. 9.03% of the stock is owned by institutional investors.

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.