Key Points
- UP Fintech director Jian Liu sold 9,333 shares on June 25 at an average price of $4.60, for a total of about $42,931.80. After the sale, Liu still held 62,665 shares, reducing his stake by 12.96%.
- The stock was trading around $4.52, near its 52-week low of $4.00 and well below its 52-week high of $13.55. UP Fintech also has a market cap of about $857 million and a low debt-to-equity ratio of 0.06.
- Analyst sentiment remains mixed but leans positive, with a Moderate Buy consensus and an average price target of $9.23. Four analysts rate the stock a Buy, one a Hold, and one a Sell.
UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) Director Jian Liu sold 9,333 shares of the company's stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $4.60, for a total value of $42,931.80. Following the completion of the sale, the director owned 62,665 shares in the company, valued at approximately $288,259. This represents a 12.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
UP Fintech Price Performance
Shares of NASDAQ TIGR opened at $4.52 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $857.44 million, a price-to-earnings ratio of 7.53 and a beta of 0.46. The firm's 50 day simple moving average is $5.57 and its 200-day simple moving average is $7.24. UP Fintech Holding Limited has a 12 month low of $4.00 and a 12 month high of $13.55.
Wall Street Analysts Forecast Growth
TIGR has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of UP Fintech from a "hold" rating to a "sell" rating in a report on Saturday, June 6th. Weiss Ratings restated a "hold (c)" rating on shares of UP Fintech in a research note on Monday, April 20th. Citigroup reduced their price target on UP Fintech to $7.10 and set a "buy" rating for the company in a report on Wednesday, June 3rd. Finally, Bank of America reissued a "buy" rating on shares of UP Fintech in a report on Monday, June 1st. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $9.23.
View Our Latest Analysis on TIGR
Institutional Investors Weigh In On UP Fintech
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC raised its position in UP Fintech by 8.8% in the fourth quarter. Sanctuary Advisors LLC now owns 14,306 shares of the company's stock valued at $137,000 after purchasing an additional 1,159 shares during the period. Cetera Investment Advisers grew its holdings in shares of UP Fintech by 2.8% during the 2nd quarter. Cetera Investment Advisers now owns 50,173 shares of the company's stock worth $484,000 after purchasing an additional 1,385 shares during the period. Personal CFO Solutions LLC grew its holdings in shares of UP Fintech by 10.4% during the 4th quarter. Personal CFO Solutions LLC now owns 32,372 shares of the company's stock worth $309,000 after purchasing an additional 3,046 shares during the period. Burns Matteson Capital Management LLC increased its position in shares of UP Fintech by 10.4% during the 4th quarter. Burns Matteson Capital Management LLC now owns 34,270 shares of the company's stock worth $328,000 after purchasing an additional 3,242 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of UP Fintech during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 9.03% of the company's stock.
About UP Fintech
(
Get Free Report)
Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company's primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.
Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.
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