UP Fintech Target of Unusually Large Options Trading (NASDAQ:TIGR)

by · The Cerbat Gem

UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) was the recipient of unusually large options trading activity on Monday. Investors purchased 35,712 call options on the company. This represents an increase of approximately 24% compared to the average volume of 28,784 call options.

UP Fintech Stock Performance

TIGR traded up $0.43 during trading on Monday, reaching $6.62. 13,904,401 shares of the company’s stock were exchanged, compared to its average volume of 4,536,437. UP Fintech has a fifty-two week low of $3.10 and a fifty-two week high of $14.48. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $5.38 and a 200 day moving average price of $4.53. The company has a market capitalization of $1.04 billion, a P/E ratio of 38.71 and a beta of 0.93.

UP Fintech (NASDAQ:TIGR – Get Free Report) last released its quarterly earnings results on Friday, August 30th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The business had revenue of $87.44 million during the quarter. UP Fintech had a net margin of 8.59% and a return on equity of 5.35%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TIGR. China Renaissance upgraded shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price for the company in a research note on Thursday. Citigroup restated a “sell” rating and issued a $5.50 price target (up from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd.

View Our Latest Stock Report on UP Fintech

Hedge Funds Weigh In On UP Fintech

A number of large investors have recently bought and sold shares of TIGR. GAMMA Investing LLC increased 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 buying an additional 2,104 shares during the period. Headlands Technologies LLC acquired a new position in shares of UP Fintech in the 1st quarter worth approximately $34,000. SG Americas Securities LLC acquired a new position in shares of UP Fintech in the 2nd quarter worth approximately $78,000. Blue Trust Inc. lifted its position 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 worth $78,000 after purchasing an additional 9,748 shares during the period. Finally, Virtu Financial LLC lifted its position in shares of UP Fintech by 61.3% during the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after acquiring an additional 10,329 shares during the period. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Company Profile

(Get Free Report)

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.

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