UP Fintech Target of Unusually High Options Trading (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) saw unusually large options trading on Monday. Stock investors purchased 51,944 call options on the stock. This is an increase of approximately 44% compared to the typical daily volume of 36,085 call options.

UP Fintech Trading Up 4.6 %

Shares of TIGR traded up $0.33 during mid-day trading on Monday, reaching $7.57. The company had a trading volume of 6,298,814 shares, compared to its average volume of 7,184,226. UP Fintech has a fifty-two week low of $3.10 and a fifty-two week high of $14.48. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 37.85 and a beta of 0.65. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $7.87 and a 200-day simple moving average of $7.02.

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

Institutional Investors Weigh In On UP Fintech

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

Analysts Set New Price Targets

TIGR has been the topic of several recent research reports. Bank of America started coverage on shares of UP Fintech in a research note on Monday, March 17th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft assumed coverage on UP Fintech in a report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price target on the stock. Finally, Citigroup raised UP Fintech from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $5.80 to $9.50 in a report on Wednesday, March 19th.

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.