UP Fintech (NASDAQ:TIGR) Earns Outperform Rating from Analysts at CICC Research
CICC Research initiated coverage on shares of UP Fintech (NASDAQ:TIGR) in a report published on Wednesday, Benzinga reports. The firm issued an outperform rating and a $30.60 price objective on the stock.
Separately, Citigroup increased their price target on shares of UP Fintech from $8.30 to $38.60 in a research report on Friday, February 26th.
Shares of NASDAQ:TIGR opened at $23.74 on Wednesday. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 395.73 and a beta of 2.18. The firm’s 50 day simple moving average is $24.11 and its 200 day simple moving average is $11.06. UP Fintech has a fifty-two week low of $2.03 and a fifty-two week high of $38.50.
Several large investors have recently made changes to their positions in TIGR. California Public Employees Retirement System raised its position in shares of UP Fintech by 3.5% in the 3rd quarter. California Public Employees Retirement System now owns 174,674 shares of the company’s stock valued at $828,000 after acquiring an additional 5,900 shares during the period. State Street Corp bought a new stake in UP Fintech during the 3rd quarter worth approximately $173,000. Arrowstreet Capital Limited Partnership bought a new stake in UP Fintech during the 3rd quarter worth approximately $1,088,000. Morgan Stanley increased its stake in UP Fintech by 20,166.5% during the 3rd quarter. Morgan Stanley now owns 1,400,821 shares of the company’s stock worth $6,640,000 after purchasing an additional 1,393,909 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in UP Fintech during the 3rd quarter worth approximately $167,000. Institutional investors and hedge funds own 3.90% of the company’s stock.
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 trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.
Read More: What causes a recession?
Receive News & Ratings for UP Fintech Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for UP Fintech and related companies with MarketBeat.com’s FREE daily email newsletter.
|CryptoCurrency||USD||Change 1h||Change 24h||Change 7d|
|Bitcoin||0.27 %||0.41 %||4.37 %|
|Ethereum||0.52 %||0.63 %||5.88 %|
|Binance Coin||0.04 %||6.62 %||56.88 %|
|XRP||0.36 %||7.10 %||141.02 %|
|Tether||0.08 %||0.15 %||0.13 %|
|Cardano||0.06 %||4.93 %||9.15 %|
|Polkadot||0.27 %||1.14 %||1.18 %|
|Litecoin||1.16 %||0.99 %||26.61 %|
|Uniswap||0.05 %||2.02 %||2.53 %|
|Chainlink||0.35 %||6.72 %||14.81 %|
|Stellar||1.28 %||9.97 %||48.88 %|
|Bitcoin Cash||0.63 %||1.56 %||27.12 %|
|Theta Network||0.54 %||0.36 %||7.64 %|
|Filecoin||0.51 %||0.77 %||0.69 %|
|USD Coin||0.06 %||0.03 %||0.54 %|
|Dogecoin||1.28 %||19.77 %||35.70 %|
|VeChain||0.29 %||2.48 %||60.04 %|
|TRON||0.03 %||0.95 %||21.05 %|
|Wrapped Bitcoin||0.16 %||0.73 %||4.46 %|
|Solana||0.43 %||6.50 %||25.76 %|