UP Fintech (NASDAQ:TIGR) Coverage Initiated by Analysts at Bank of America

Bank of America began coverage on shares of UP Fintech (NASDAQ:TIGR) in a report issued on Monday, MarketBeat reports. The brokerage issued a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft started coverage on UP Fintech in a research report on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price for the company.

UP Fintech Trading Up 4.2 %

Shares of NASDAQ TIGR opened at $7.97 on Monday. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 39.85 and a beta of 0.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The business has a 50 day simple moving average of $7.20 and a 200 day simple moving average of $6.51. UP Fintech has a 52 week low of $3.10 and a 52 week high of $14.48.

Institutional Investors Weigh In On UP Fintech

Several hedge funds have recently modified their holdings of the business. Voloridge Investment Management LLC bought a new stake in shares of UP Fintech in the fourth quarter valued at approximately $321,000. Vident Advisory LLC raised its stake in shares of UP Fintech by 15.0% in the fourth quarter. Vident Advisory LLC now owns 74,172 shares of the company’s stock valued at $479,000 after purchasing an additional 9,680 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of UP Fintech by 841.6% in the fourth quarter. Two Sigma Advisers LP now owns 888,900 shares of the company’s stock valued at $5,742,000 after purchasing an additional 794,500 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of UP Fintech by 808.5% in the fourth 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 in the last quarter. Finally, Tairen Capital Ltd acquired a new position in shares of UP Fintech in the fourth quarter valued at $68,000. 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.