UP Fintech (NASDAQ:TIGR) Upgraded by Wall Street Zen to Buy Rating

UP Fintech (NASDAQ:TIGR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.Hong Kong Financial Firm Futu Surges 33.12% Amid Stimulus HintsSeveral other research firms have also weighed in on TIGR. Citigroup upgraded shares of UP Fintech from a "sell" rating to a "neutral" rating and lifted their target price for the company from $5.80 to $9.50 in a report on Wednesday, March 19th. Bank of America initiated coverage on shares of UP Fintech in a report on Monday, March 17th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $8.83.Check Out Our Latest Report on UP FintechUP Fintech Price Performance3 Chinese Stocks with Strong MomentumTIGR stock opened at $7.89 on Friday. UP Fintech has a 52-week low of $3.36 and a 52-week high of $14.48. The stock's fifty day simple moving average is $8.19 and its 200-day simple moving average is $7.42. 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 market capitalization of $1.46 billion, a price-to-earnings ratio of 39.45 and a beta of 0.70. UP Fintech (NASDAQ:TIGR - Get Free Report) last released its earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.06. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%. The business had revenue of $124.10 million for the quarter, compared to analysts' expectations of $73.60 million. Institutional Inflows and OutflowsA number of institutional investors and hedge funds have recently bought and sold shares of TIGR. Marshall Wace LLP boosted its position in UP Fintech by 492.4% during the fourth quarter. Marshall Wace LLP now owns 5,599,514 shares of the company's stock worth $36,173,000 after purchasing an additional 4,654,351 shares during the period. Two Sigma Investments LP boosted its position in UP Fintech by 808.5% during the fourth quarter. Two Sigma Investments LP now owns 1,817,787 shares of the company's stock worth $11,743,000 after purchasing an additional 1,617,702 shares during the period. Millennium Management LLC boosted its holdings in shares of UP Fintech by 2,631.2% during the 4th quarter. Millennium Management LLC now owns 1,620,968 shares of the company's stock worth $10,471,000 after buying an additional 1,561,617 shares during the period. Contrarius Group Holdings Ltd bought a new stake in shares of UP Fintech during the 4th quarter worth $8,105,000. Finally, Sparta 24 Ltd. boosted its holdings in shares of UP Fintech by 48.0% during the 1st quarter. Sparta 24 Ltd. now owns 3,657,104 shares of the company's stock worth $31,415,000 after buying an additional 1,186,137 shares during the period. Hedge funds and other institutional investors own 9.03% of the company's stock. UP Fintech Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than UP FintechBusiness Services Stocks InvestingNike’s Amazon Expansion Could Signal a Turnaround in 2025How to Use Stock Screeners to Find StocksIntel’s Turnaround May Be the Best Bet No One’s WatchingStock Ratings and Recommendations: Understanding Analyst Ratings3 Defense Stocks That Will Profit From a Golden DomeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in UP Fintech Right Now?Before you consider UP Fintech, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UP Fintech wasn't on the list.While UP Fintech currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here