UP Fintech (NASDAQ:TIGR) Stock Price Down 4.6% – Time to Sell?

UP Fintech Holding Limited (NASDAQ:TIGR) shares fell 4.6% during mid-day trading on Wednesday . The stock traded as low as $6.96 and last traded at $6.92. 4,425,704 shares were traded during mid-day trading, an increase of 7% from the average session volume of 4,146,912 shares. The stock had previously closed at $7.25.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TIGR shares. Citigroup reaffirmed a “sell” rating and set a $5.50 target price (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 target price for the company in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price for the company.

UP Fintech Price Performance

The firm has a market capitalization of $1.30 billion, a PE ratio of 35.25 and a beta of 0.86. The stock has a 50-day moving average price of $6.59 and a 200 day moving average price of $5.67. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30.

Institutional Trading of UP Fintech

Several large investors have recently made changes to their positions in TIGR. GAMMA Investing LLC increased its position in shares of UP Fintech by 53.6% during the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after purchasing an additional 2,104 shares in the last quarter. Blue Trust Inc. increased its position in shares of UP Fintech by 198.6% during the third quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after purchasing an additional 9,748 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of UP Fintech by 38.5% during the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after purchasing an additional 4,377 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of UP Fintech during the fourth quarter worth approximately $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in shares of UP Fintech during the fourth quarter worth approximately $92,000. 9.03% of the stock is currently 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.