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

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

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price objective on the stock.

UP Fintech Price Performance

Shares of NASDAQ TIGR opened at $7.97 on Monday. UP Fintech has a twelve month low of $3.10 and a twelve 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 capitalization of $1.47 billion, a price-to-earnings ratio of 39.85 and a beta of 0.87. The firm has a 50-day moving average of $7.20 and a two-hundred day moving average of $6.51.

Hedge Funds Weigh In On UP Fintech

A number of large investors have recently made changes to their positions in the business. Marshall Wace LLP increased its holdings in shares of UP Fintech by 492.4% in the 4th quarter. Marshall Wace LLP now owns 5,599,514 shares of the company’s stock valued at $36,173,000 after purchasing an additional 4,654,351 shares during the period. Two Sigma Investments LP grew its stake in shares of UP Fintech by 808.5% in the 4th quarter. Two Sigma Investments LP now owns 1,817,787 shares of the company’s stock valued at $11,743,000 after buying an additional 1,617,702 shares in the last quarter. Millennium Management LLC grew its stake in shares of UP Fintech by 2,631.2% in the 4th quarter. Millennium Management LLC now owns 1,620,968 shares of the company’s stock valued at $10,471,000 after buying an additional 1,561,617 shares in the last quarter. Contrarius Group Holdings Ltd bought a new stake in shares of UP Fintech in the 4th quarter valued at approximately $8,105,000. Finally, Two Sigma Advisers LP grew its stake in shares of UP Fintech by 841.6% in the 4th quarter. Two Sigma Advisers LP now owns 888,900 shares of the company’s stock valued at $5,742,000 after buying an additional 794,500 shares in the last quarter. Institutional investors and hedge funds own 9.03% of the company’s stock.

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.