UP Fintech (NASDAQ:TIGR) Now Covered by Analysts at Bank of America

Equities research analysts at Bank of America initiated coverage on shares of UP Fintech (NASDAQ:TIGR) in a report released on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating on the stock.

Separately, 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 price target for the company.

UP Fintech Price Performance

Shares of NASDAQ:TIGR opened at $7.65 on Monday. The company has a 50 day moving average of $7.17 and a 200 day moving average of $6.48. 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 stock has a market cap of $1.41 billion, a P/E ratio of 38.25 and a beta of 0.87. UP Fintech has a 12 month low of $3.10 and a 12 month high of $14.48.

Institutional Investors Weigh In On UP Fintech

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of UP Fintech by 66.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock worth $1,090,000 after buying an additional 81,300 shares during the last quarter. Centiva Capital LP bought a new position in UP Fintech in the third quarter valued at $209,000. Quadrature Capital Ltd purchased a new stake in UP Fintech during the third quarter valued at about $516,000. State Street Corp lifted its stake in UP Fintech by 4.8% during the third quarter. State Street Corp now owns 742,452 shares of the company’s stock worth $3,965,000 after purchasing an additional 34,186 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of UP Fintech in the 3rd quarter worth about $121,000. 9.03% of the stock is owned by hedge funds and other 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.