UP Fintech (NASDAQ:TIGR) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of UP Fintech (NASDAQ:TIGR) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $9.40 price objective on the stock.

Several other equities analysts have also weighed in on the stock. China Renaissance upgraded shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price on the stock in a report on Thursday, October 24th. Citigroup reiterated a “sell” rating and issued a $5.50 target price (up from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.

UP Fintech Stock Performance

Shares of NASDAQ:TIGR opened at $6.61 on Thursday. 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 firm has a market cap of $1.22 billion, a PE ratio of 33.05 and a beta of 0.88. The firm’s 50 day simple moving average is $6.46 and its 200-day simple moving average is $5.40. UP Fintech has a one year low of $3.10 and a one year high of $14.48.

Institutional Investors Weigh In On UP Fintech

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sparta 24 Ltd. increased its stake in UP Fintech by 113.7% during the 3rd quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company’s stock worth $16,811,000 after buying an additional 1,675,296 shares during the period. Marshall Wace LLP increased its stake in UP Fintech by 52.8% during the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock worth $4,671,000 after buying an additional 384,213 shares during the period. Virtu Financial LLC purchased a new stake in UP Fintech during the 3rd quarter worth approximately $539,000. Quadrature Capital Ltd purchased a new stake in UP Fintech during the 3rd quarter worth approximately $516,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in UP Fintech by 66.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock worth $1,090,000 after buying an additional 81,300 shares during the period. 9.03% of the stock is owned by hedge funds and other institutional investors.

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.