Investors Purchase Large Volume of UP Fintech Put Options (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the target of some unusual options trading on Thursday. Investors acquired 47,791 put options on the stock. This is an increase of 38% compared to the typical volume of 34,663 put options.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a research note on Thursday, January 2nd. They issued a “buy” rating and a $9.40 target price for the company. Bank of America initiated coverage on shares of UP Fintech in a report on Monday, March 17th. They set a “buy” rating on the stock. Finally, Citigroup raised UP Fintech from a “sell” rating to a “neutral” rating and raised their price target for the stock from $5.80 to $9.50 in a report on Wednesday, March 19th.

Institutional Trading of UP Fintech

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

UP Fintech Trading Down 4.5 %

NASDAQ:TIGR traded down $0.39 during trading hours on Thursday, reaching $8.26. The company’s stock had a trading volume of 3,557,679 shares, compared to its average volume of 6,539,642. The firm has a 50-day simple moving average of $7.84 and a 200-day simple moving average of $6.94. 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 firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 41.30 and a beta of 0.87.

UP Fintech (NASDAQ:TIGR) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $73.60 million.

UP Fintech Company Profile

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.