UP Fintech (NASDAQ:TIGR) Now Covered by Deutsche Bank Aktiengesellschaft

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

A number of other research firms have also recently weighed in on TIGR. Citigroup reissued a “sell” rating and set a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. China Renaissance raised UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price target on the stock in a research report on Thursday, October 24th.

UP Fintech Stock Up 3.4 %

UP Fintech stock opened at $6.68 on Thursday. The stock has a market cap of $1.23 billion, a PE ratio of 33.40 and a beta of 0.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s fifty day moving average is $6.44 and its two-hundred day moving average is $5.36. UP Fintech has a 1-year low of $3.10 and a 1-year high of $14.48.

Institutional Investors Weigh In On UP Fintech

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 2,104 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of UP Fintech by 5.2% in the third quarter. Geode Capital Management LLC now owns 81,842 shares of the company’s stock valued at $437,000 after purchasing an additional 4,082 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of UP Fintech by 38.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after acquiring an additional 4,377 shares in the last quarter. Blue Trust Inc. increased its stake in 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 purchasing an additional 9,748 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in UP Fintech by 100.6% during the second quarter. Headlands Technologies LLC now owns 19,954 shares of the company’s stock worth $84,000 after purchasing an additional 10,006 shares during the last quarter. Hedge funds and other institutional investors 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.