UP Fintech Sees Unusually High Options Volume (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) saw some unusual options trading on Thursday. Investors acquired 204,559 call options on the company. This is an increase of approximately 435% compared to the typical daily volume of 38,215 call options.

UP Fintech Price Performance

TIGR stock opened at $8.94 on Friday. The firm has a 50 day moving average of $8.15 and a 200-day moving average of $7.27. UP Fintech has a 12-month low of $3.36 and a 12-month high of $14.48. 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 company has a market cap of $1.65 billion, a price-to-earnings ratio of 44.70 and a beta of 0.70.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%. The company had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America assumed coverage on UP Fintech in a report on Monday, March 17th. They issued a “buy” rating on the stock. Citigroup raised UP Fintech from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $5.80 to $9.50 in a report on Wednesday, March 19th.

Institutional Investors Weigh In On UP Fintech

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of UP Fintech by 17.4% during the 1st quarter. GAMMA Investing LLC now owns 10,728 shares of the company’s stock valued at $92,000 after acquiring an additional 1,592 shares during the period. Invesco Ltd. raised its position in shares of UP Fintech by 2.2% during the 1st quarter. Invesco Ltd. now owns 112,646 shares of the company’s stock worth $968,000 after purchasing an additional 2,458 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of UP Fintech by 527.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $30,000 after purchasing an additional 3,901 shares during the last quarter. Townsquare Capital LLC raised its position in shares of UP Fintech by 4.5% during the 1st quarter. Townsquare Capital LLC now owns 94,480 shares of the company’s stock worth $812,000 after purchasing an additional 4,107 shares during the last quarter. Finally, Burns Matteson Capital Management LLC raised its position in shares of UP Fintech by 29.8% during the 1st quarter. Burns Matteson Capital Management LLC now owns 18,320 shares of the company’s stock worth $157,000 after purchasing an additional 4,201 shares during the last quarter. 9.03% of the stock is currently owned by institutional investors and hedge funds.

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.