Deutsche Bank Aktiengesellschaft Begins Coverage on UP Fintech (NASDAQ:TIGR)

Deutsche Bank Aktiengesellschaft initiated coverage on shares of UP Fintech (NASDAQ:TIGR) in a research report report published on Thursday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $9.40 target price on the stock.

Other research analysts have also recently issued research reports about the stock. China Renaissance upgraded shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price target for the company in a report on Thursday, October 24th. Citigroup reiterated a “sell” rating and set a $5.50 price target (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.

UP Fintech Trading Down 1.0 %

NASDAQ TIGR opened at $6.61 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. UP Fintech has a 52 week low of $3.10 and a 52 week high of $14.48. The stock has a market capitalization of $1.22 billion, a PE ratio of 33.05 and a beta of 0.88. The firm has a 50 day moving average of $6.46 and a two-hundred day moving average of $5.40.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of UP Fintech by 53.6% in the 3rd 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of UP Fintech by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 81,842 shares of the company’s stock valued at $437,000 after buying an additional 4,082 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings 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 valued at $84,000 after buying an additional 4,377 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 9,748 shares in the last quarter. Finally, Headlands Technologies LLC boosted its holdings in shares of UP Fintech by 100.6% in the 2nd quarter. Headlands Technologies LLC now owns 19,954 shares of the company’s stock valued at $84,000 after buying an additional 10,006 shares in the last quarter. Institutional investors and hedge funds own 9.03% of the company’s stock.

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.