UP Fintech Sees Unusually High Options Volume (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 47,078 call options on the stock. This represents an increase of approximately 43% compared to the typical volume of 32,816 call options.

Wall Street Analyst Weigh In

TIGR has been the topic of a number of recent analyst reports. Bank of America initiated coverage on shares of UP Fintech in a research note on Monday. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price on the stock. Finally, Citigroup upgraded shares of UP Fintech from a “sell” rating to a “neutral” rating and lifted their price target for the company from $5.80 to $9.50 in a research report on Wednesday.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TIGR. Tower Research Capital LLC TRC increased its position in UP Fintech by 527.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $30,000 after buying an additional 3,901 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of UP Fintech in the fourth quarter valued at $34,000. Deutsche Bank AG acquired a new stake in shares of UP Fintech during the fourth quarter valued at $38,000. GAMMA Investing LLC increased its position in UP Fintech by 51.5% during the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock worth $59,000 after purchasing an additional 3,105 shares in the last quarter. Finally, Tairen Capital Ltd purchased a new position in UP Fintech in the 4th quarter valued at about $68,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

UP Fintech Trading Down 0.3 %

NASDAQ:TIGR opened at $9.66 on Thursday. UP Fintech has a 52-week low of $3.10 and a 52-week high of $14.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $7.33 and a 200-day simple moving average of $6.57. The company has a market capitalization of $1.78 billion, a PE ratio of 48.30 and a beta of 0.87.

UP Fintech (NASDAQ:TIGR) last announced its earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The company had revenue of $124.10 million during the quarter, compared to analysts’ expectations of $73.60 million. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%.

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.