UP Fintech (NASDAQ:TIGR) Shares Gap Up to $4.05

UP Fintech Holding Limited (NASDAQ:TIGRGet Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $4.05, but opened at $4.34. UP Fintech shares last traded at $4.17, with a volume of 932,321 shares traded.

Analysts Set New Price Targets

Separately, Citigroup decreased their target price on UP Fintech from $8.01 to $6.22 and set a “buy” rating for the company in a research report on Thursday, March 21st.

Read Our Latest Stock Report on UP Fintech

UP Fintech Trading Up 6.3 %

The stock has a market cap of $749.62 million, a price-to-earnings ratio of 19.50 and a beta of 0.95. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $3.77 and a 200-day moving average of $3.98.

UP Fintech (NASDAQ:TIGRGet Free Report) last released its quarterly earnings data on Wednesday, March 20th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $69.98 million for the quarter. UP Fintech had a net margin of 12.95% and a return on equity of 7.72%.

Institutional Trading of UP Fintech

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of UP Fintech by 308.9% in the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after buying an additional 5,804 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of UP Fintech in the first quarter worth about $34,000. Asset Management One Co. Ltd. lifted its position in shares of UP Fintech by 32.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 14,028 shares of the company’s stock worth $61,000 after buying an additional 3,446 shares during the last quarter. Pathstone Family Office LLC acquired a new stake in shares of UP Fintech in the third quarter worth about $64,000. Finally, Virtu Financial LLC lifted its position in shares of UP Fintech by 61.3% in the first quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock worth $93,000 after buying an additional 10,329 shares during the last quarter. Institutional investors and hedge funds own 9.03% of the company’s stock.

About UP Fintech

(Get Free Report)

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; and account management services.

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