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

UP Fintech Holding Limited (NASDAQ:TIGR) was the target of unusually large options trading on Monday. Traders acquired 57,173 put options on the stock. This represents an increase of 53% compared to the average daily volume of 37,456 put options.

UP Fintech Price Performance

Shares of UP Fintech stock traded up $0.43 during trading hours on Monday, reaching $8.16. The company’s stock had a trading volume of 3,225,750 shares, compared to its average volume of 6,963,018. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. UP Fintech has a one year low of $3.36 and a one year high of $14.48. The firm has a 50 day moving average price of $7.66 and a 200-day moving average price of $7.05. The stock has a market cap of $1.51 billion, a P/E ratio of 40.88 and a beta of 0.65.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.06. The company had revenue of $124.10 million for 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%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

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