UP Fintech (NASDAQ:TIGR) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Equities research analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech (NASDAQ:TIGR) in a research note issued to investors on Thursday, Marketbeat reports. The firm set a “buy” rating and a $9.40 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 42.21% from the stock’s previous close.

A number of other brokerages have also issued reports on TIGR. China Renaissance upgraded shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price for the company in a research report on Thursday, October 24th. Citigroup reiterated a “sell” rating and issued a $5.50 price objective (up from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.

UP Fintech Trading Down 1.0 %

Shares of TIGR stock opened at $6.61 on Thursday. The firm has a market capitalization of $1.22 billion, a PE ratio of 33.05 and a beta of 0.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. UP Fintech has a 1 year low of $3.10 and a 1 year high of $14.48. The stock has a fifty day moving average of $6.45 and a two-hundred day moving average of $5.37.

Institutional Investors Weigh In On UP Fintech

Several hedge funds and other institutional investors have recently bought and sold shares of TIGR. GAMMA Investing LLC grew its stake in shares of UP Fintech by 53.6% in the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after purchasing an additional 2,104 shares during the last quarter. Blue Trust Inc. boosted its holdings in 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 buying an additional 9,748 shares in the last quarter. Asset Management One Co. Ltd. grew its position in UP Fintech by 38.5% in the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after buying an additional 4,377 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of UP Fintech by 100.6% in the second quarter. Headlands Technologies LLC now owns 19,954 shares of the company’s stock valued at $84,000 after buying an additional 10,006 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of UP Fintech during the 3rd quarter valued at $121,000. 9.03% of the stock is currently owned by 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.