El interés en corto de UP Fintech Holding da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de UP Fintech Holding. Los datos de interés en corto se actualizan cada dos semanas.

UP Fintech Holding (NASDAQ:TIGR) Bolsa, Informe de interés en corto

UP Fintech Holding

UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.

UP Fintech Holding Limited - American Depositary Shares representing fifteen Class A Ordinary Shares

UP Fintech Holding Ltd

L&G INDIA INR GOVERNMENT BOND ETF

UP FINTECH HOLDING ADR

Tigrent Inc

U.S. stocks were slightly lower, with the Dow Jones index falling around 0.1% on Monday.
Shares of Prime Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRME#NASDAQ">PRME</a>) rose sharply during Monday's session after the company announced a strategic research collaboration and license agreement with Bristol Myers Squibb to develop reagents for the next generation of ex vivo T-cell therapies. Also, it announced that it is focusing its pipeline on a set of <a href="https://www.benzinga.com/quote/PRME/news">high value programs</a>. 
Prime Medicine shares jumped 39.6% to $4.8317 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) gained 28% to $6.68.</li>
<li>UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) gained 26% to $5.80.</li>
<li>Capricor Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) shares jumped 25% to $12.43.</li>
<li>LexinFintech Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) rose 20% to $2.8750.</li>
<li>Futu Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) gained 18% to $101.15.</li>
<li>iQIYI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) gained 14% to $3.2250.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rose 13.8% to $7.42 after investors agreed to invest an aggregate of 3.3 billion yuan in its Nio China subsidiary while the company agreed to invest 10 billion yuan.</li>
<li>ZEEKR Intelligent Technology Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) gained 12.4% to $23.71. Shares of US-listed Chinese companies traded higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.</li>
<li>MINISO Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) climbed 9.5% to $18.76. Shares of US-listed Chinese companies traded higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.</li>
<li>RLX Technology Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLX#NYSE">RLX</a>) gained 8.6% to $1.8250.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) gained 7.8% to $79.24.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) gained 7.4% to $27.69. Shares of US-listed Chinese companies traded higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.</li>
<li>Structure Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPCR#NASDAQ">GPCR</a>) gained 6.5% to $44.45.</li>
<li>Weibo Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) gained 6.2% to $10.52.</li>
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Prime Medicine, MINISO Group, Li Auto, Weibo And Other Big Stocks Moving Higher On Monday

Investors with a lot of money to spend have taken a bullish stance on UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TIGR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for UP Fintech Holding.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 40%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $60,000, and 9, calls, for a total amount of $758,641.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $4.0 and $10.0 for UP Fintech Holding, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of UP Fintech Holding stands at 4983.17, with a total volume reaching 29,393.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in UP Fintech Holding, situated within the strike price corridor from $4.0 to $10.0, throughout the last 30 days.
<h3>UP Fintech Holding Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727452198_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TIGR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.2</td>
<td>$1.1</td>
<td>$1.17</td>
<td>$4.00</td>
<td>$238.0K</td>
<td>3.8K</td>
<td>3.0K</td>
</tr>
<tr>
<td>TIGR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.3</td>
<td>$1.1</td>
<td>$1.3</td>
<td>$4.00</td>
<td>$130.0K</td>
<td>4.3K</td>
<td>0</td>
</tr>
<tr>
<td>TIGR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$0.55</td>
<td>$0.4</td>
<td>$0.4</td>
<td>$10.00</td>
<td>$116.8K</td>
<td>15.3K</td>
<td>9.8K</td>
</tr>
<tr>
<td>TIGR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$0.4</td>
<td>$0.35</td>
<td>$0.4</td>
<td>$10.00</td>
<td>$80.0K</td>
<td>15.3K</td>
<td>3.3K</td>
</tr>
<tr>
<td>TIGR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.6</td>
<td>$0.6</td>
<td>$0.6</td>
<td>$5.00</td>
<td>$60.0K</td>
<td>3.0K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About UP Fintech Holding</h3>
UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.
In light of the recent options history for UP Fintech Holding, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is UP Fintech Holding Standing Right Now?</h3>
<ul>
<li>With a volume of 5,743,624, the price of TIGR is up 4.78% at $5.04. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 59 days.</li>
</ul>
<h3>What The Experts Say On UP Fintech Holding</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $5.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Citigroup has decided to maintain their Buy rating on UP Fintech Holding, which currently sits at a price target of $5. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for UP Fintech Holding with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

What the Options Market Tells Us About UP Fintech Holding

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Shares of US-listed Chinese companies are trading lower amid a possible selloff following yesterday's strength after China's Central Bank announced a new stimulus package.

Shares of US-listed Chinese companies are trading higher after China Central Bank announced a new stimulus package.

Citigroup analyst Judy Zhang maintains UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) with a Buy and lowers the price target from $6.49 to $5.

Price Target

Analyst Ratings

Citigroup Maintains Buy on UP Fintech Holding, Lowers Price Target to $5

In the second quarter, we added 48,900 new funded accounts, bringing our total number of funded accounts at the end of the second quarter to 982,300, a 16.8% increase compared to the same quarter last year.

Earnings

In Q2, UP Fintech Holding Added 48.9K New Funded Accounts, Reaching A Total Of 982.3K, Up By 16.8% YoY

Earnings Misses

UP Fintech Holding Q2 2024 Adj. EPADS $0.03 Misses $0.05 Estimate, Sales $87.437M Up From $66.055M YoY

<h4>Key Takeaways:</h4>
<ul>
<li>UP Fintech&rsquo;s revenue increased 19% year-on-year in the first quarter as its number of funded accounts grew 15%</li>
<li>The online brokerage has entered Hong Kong as its latest new market under a stepped-up international expansion after a major clash with the Chinese regulator</li>
</ul>
By Warren Yang
The savvy company is one that can sense a problem early and address it before it boils over. Online stock broker&nbsp;UP Fintech Holding Ltd.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tigr#NASDAQ">TIGR</a>) deserves some credit for sensing and preparing for regulatory storm clouds that are a common feature of the Chinese business landscape.
Just a year and a half ago, the company, known locally as Tiger Brokers, found itself suddenly in deep hot water after the Chinese securities regulator all but shut it down in the country, along with rival&nbsp;Futu Holdings Ltd.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/futu#NASDAQ">FUTU</a>), for violating domestic laws related to cross-border trades. Fast-forward to the present, when the company&rsquo;s&nbsp;<a href="https://www.globenewswire.com/news-release/2024/06/05/2893603/0/en/UP-Fintech-Holding-Limited-Reports-Unaudited-First-Quarter-2024-Financial-Results.html">latest financial results</a>&nbsp;show this tiger has not only moved on from its brush with death but is even prospering by placing its bets on a stronger international focus.
Such quick recoveries are no easy feat, forcing companies to reinvent their business models, often from scratch, in a race against time before their funds run out. Venturing out of China, like UP Fintech has done, is always an option that sounds good in theory. But the reality isn&rsquo;t always so easy since foreign markets have their own complexities, not to mention established local competition.
UP Fintech and Futu both had plenty of time to prepare before their situations at home blew up at the end of 2022. Signals were coming in previous years in comments from various regulatory officials, prompting both companies to keep their heads down at home while quietly building up overseas operations one new market at a time. Those efforts are paying off nicely now.
UP Fintech&rsquo;s revenue increased 19% to about $79 million year-on-year in the first quarter, as its portfolio of funded accounts &ndash; those containing actual money for trading &ndash; grew 15%, according to its latest results released last Wednesday. Its net profit jumped more than 50% to $12.3 million, which owed largely to &ldquo;other&rdquo; income that&rsquo;s not part of what it classifies as revenue.
Following the announcement, UP Fintech shares rallied 16% through the end of last week.
While the profit surge looks attributable to a non-operational factor, UP Fintech&rsquo;s revenue growth still looks pretty solid, and speaks to its early move beyond China. The company in the past made its money by helping China-based investors buy U.S.- and Hong Kong-listed stocks. But it has added other stock markets to its services in recent years and now targets customers outside China since being banned from signing up new Chinese customers.
UP Fintech was originally based in Beijing but is now incorporated in Singapore, and generates more than 90% of its revenue outside China. Singapore is the company&rsquo;s largest market, accounting for more than half of its new funded accounts in the first quarter. But it also has operations in the U.S. and the Australia/New Zealand region. Last year it also launched services in Hong Kong, which has become the main market for Futu as well.
<h4>Hong Kong expansion</h4>
UP Fintech entered Hong Kong through its acquisition of a firm called Ocean Joy in late 2021. It took a while to get its Hong Kong business up and running after that. But since the service launch last year, the company has quickly gained traction. About 10% of UP Fintech&rsquo;s new funded accounts came from Hong Kong in the first quarter, not far behind about 15% for the Australia/New Zealand market.
Hong Kong&rsquo;s revenue contribution for UP Fintech may continue to increase as it expands its services in the city that is part of China but has its own financial system that is far more open to foreigners than Mainland China&rsquo;s two main markets in Shanghai and Shenzhen. It has started offering spot cryptocurrency trading services for professional investors in the city. And in March, it received a so-called Type 9 license from Hong Kong&rsquo;s securities regulator, paving the way to provide asset management services for both retail and professional investors.
UP Fintech hasn&rsquo;t exactly abandoned the China market, though its activity there has been limited after the China Securities Regulatory Commission (CSRC) said that it, as well as Futu, were allowing their China-based customers to make cross-border trades without a required brokerage license. Both companies have been in a sort of state of suspended animation since then, ordered to stop accepting new clients in China without being forced to shut down accounts of existing Chinese customers.
UP Fintech had a long period to brace for the bombshell. As early as 2016, the CSRC ordered one of the company&rsquo;s entities in China to stop working with other companies unauthorized to provide securities services in the country. In response, UP Fintech took steps to position the unit as an online provider of information for investors in China, rather than a provider of actual financial services like securities trading.
Thus began UP Fintech&rsquo;s focus on overseas expansion, often using acquisitions as a shortcut to enter new markets. It&rsquo;s still unclear if the CSRC will ultimately grant securities-trading licenses to either UP Fintech or Futu. Some see the fact that the companies haven&rsquo;t been ordered to shut down all their Mainland-based accounts as a positive signal, and neither company has indicated it believes such an outcome will happen imminently.
While UP Fintech has moved its base to Singapore, Futu has been more focused on Hong Kong, although it also has ventured into Singapore and the U.S. In its latest move to expand in Hong Kong, Futu last week&nbsp;<a href="https://www.globenewswire.com/news-release/2024/06/07/2895136/0/en/Futu-Announces-HKD440-million-Investment-in-Airstar-Bank.html">announced</a>&nbsp;its purchase of a 44% stake in Airstar Bank, an online bank, for HK$440 million ($56 million).
UP Fintech&rsquo;s revenue increased much faster in the first quarter than Futu&rsquo;s, which rose by a more modest 3.7%. But UP Fintech&rsquo;s revenue base is much smaller than Futu&rsquo;s, meaning it still has a lot of catching up to do. That big catchup distance may be reflected in UP Fintech&rsquo;s relatively low price-to-sales (P/S) ratio of 2.7, which is well behind the 8 for Futu. That gap may narrow if UP Fintech&rsquo;s overseas efforts continue to bear fruit. Its stock jump after the first-quarter earnings announcement looks like an investor vote of confidence in the company, though it may need to make faster progress to further close the valuation gap.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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As of June 10, 2024, five stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">UP Fintech Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>)</h3>
<ul>
<li>On June 5, UP Fintech Holding reported a year-over-year increase in first-quarter sales results. Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated, &#8220;Market backdrop was more active in the first quarter, total revenue in the first quarter was US$78.9 million, representing a 12.8% increase sequentially and 19.0% increase compared to the same quarter last year. Benefiting from our brand strength and R&amp;D capabilities, both GAAP and non-GAAP net income experienced significant growth.&#8221; GAAP The company's stock gained around 11% over the past five days and has a <a href="https://www.benzinga.com/quote/TIGR">52-week high of $5.80</a>.</li>
<li>RSI Value: 72.85&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>TIGR Price Action: Shares of UP Fintech gained 5.9% to close at $4.75 on Friday.</li>
</ul>
<h3 class="wp-block-heading">PennantPark Investment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>)</h3>
<ul>
<li>On May 8, Pennant Park Investment posted downbeat quarterly results. &#8220;We are pleased to announce an increase in our monthly dividend based on the continued strong underlying credit performance of our portfolio,&#8221; said Arthur Penn, Chairman and CEO.  &#8220;Our earnings stream continues to be robust and is driven in part by the  excellent returns generated by our PSLF Joint Venture.&#8221; The company's stock gained around 6% over the past month and <a href="https://www.benzinga.com/quote/PNNT">has a 52-week high</a> of $7.73.</li>
<li>RSI Value: 72.03</li>
<li>PNNT Price Action: Shares of PennantPark Investment rose 0.8% to close at $7.72 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Saratoga Investment Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAR#NYSE">SAR</a>)</h3>
<ul>
<li>On May 23, Saratoga Investment raised its quarterly dividend from 73 cents to 74 cents per share. The company's stock gained around 5% over the past month and has a <a href="https://www.benzinga.com/quote/SAR">52-week high</a> of $28.15.</li>
<li>RSI Value: 71.18</li>
<li>SAR Price Action: Shares of Saratoga Investment gained 0.4% to close at $24.29 on Friday.</li>
</ul>
<h3 class="wp-block-heading">FS KKR Capital Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSK#NYSE">FSK</a>)</h3>
<ul>
<li>On June 6, FSK completed public offering of $600 million 6.875% unsecured notes due 2029. The company's stock jumped around 4% over the past month and has a 52-week high is $20.99.</li>
<li>RSI Value: 71.12</li>
<li>FSK Price Action: Shares of FS KKR Capital gained 0.2% to close at $20.62 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Hagerty Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HGTY#NYSE">HGTY</a>)</h3>
<ul>
<li>On May 7, Hagerty posted mixed quarterly results. &#8220;We are off to a great start in 2024 as the initiatives undertaken in 2023 powered strong top-line momentum and significant margin expansion,&#8221; said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty. The company's stock jumped around 14% over the past month and &lt;a href=&#8221;https://www.benzinga.com/quote/HGTY&#8221;&gt;&lt;em&gt; has a 52-week high &lt;/em&gt;&lt;/a&gt; of $10.10.</li>
<li>RSI Value: 75.30</li>
<li>HGTY Price Action: Shares of Hagerty rose 3% to close at $10.10 on Friday.</li>
</ul>
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Up Fintech Holding shares are trading higher after the company reported a year-over-year increase in Q1 sales results.

UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) reported quarterly earnings of $0.09 per share which missed the analyst consensus estimate of $0.10 by 8 percent. This is a 39.39 percent increase over earnings of $0.07 per share from the same period last year. The company reported $78.948 million in sales this quarter. This is a 19.03 percent increase over sales of $66.326 million the same period last year.

UP Fintech Holding Q1 2024 Adj EPS $0.09 Misses $0.10 Estimate, Sales $78.948M Up From $66.326M YoY

UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) (&quot;UP Fintech&quot; or the &quot;Company&quot;), a leading online brokerage firm focusing on global investors, today announced that Hong Kong&#39;s Securities and Futures Commission (SFC) has officially granted a Type 9 license to Tiger Brokers (HK) Global Limited (&quot;TBHK&quot;), authorizing TBHK to provide asset management services, including discretionary accounts service to both retail clients and professional investors and asset management service to collective investment schemes offered to professional investors only. Mr. Yang Xu, the Head of Wealth Management business, stated that TBHK&#39;s asset management services will feature a seasoned investment team adept in tactical asset allocation and long-term value investing, crafting bespoke asset allocation strategies for discretionary account retail clients, complemented by a user-friendly platform interface to facilitate wealth accumulation. Additionally, TBHK&#39;s asset management team will provide comprehensive services for Hong Kong investment immigration, along with tailored investment strategies for managed accounts, and is set to offer a multifaceted fund service infrastructure in the future.

Government

Regulations

UP Fintech Holding Limited's Hong Kong Subsidiary Won SFC Approval on Type 9 License to Provide Asset Management Services

Citigroup analyst Judy Zhang maintains UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) with a Buy and lowers the price target from $8.01 to $6.22.

Citigroup Maintains Buy on UP Fintech Holding, Lowers Price Target to $6.22

UP Fintech Holding Limited&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) shares are trading lower after the company after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/g37839736/up-fintech-holding-limited-reports-unaudited-fourth-quarter-and-full-year-2023-financial-results" rel="noreferrer noopener">fourth-quarter FY23 results</a>.
Total revenues increased 9.6% year-over-year to $70.0 million, while total net revenues decreased 4.7% to $54.0 million.
Segments:&nbsp;Commissions were $22.0 million, down 11.9% Y/Y, due to decreased trading volume. Financing service fees were $3.2 million, up 18.4% Y/Y, primarily due to increased interest rates.
Interest income was $40.0 million, up 31.3% Y/Y, on higher margin financing and securities lending activities.&nbsp;
In the fourth quarter, the company added 39,034 new funded accounts, an increase of 42.8% Y/Y, bringing the yearly total to 123,110, exceeding the guidance of 100,000.
The total account balance rose 118.5% Y/Y to $30.6 billion, with the total number of customers with deposits increased by 15.8% Y/Y to 904,600.
Total margin financing and securities lending balance increased 17.9% Y/Y to $2.4 billion.
Non-GAAP net income per ADS was $0.007, missing&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of $0.07</a>.&nbsp;
As of December 31, 2023, cash and cash equivalents and term deposits were $327.7 million.
Wu Tianhua, Chairman and CEO, said, &#8220;In the fourth quarter, we introduced the Combo Option Strategy feature, allowing users to execute multi-leg options trades using net margin calculation.&#8221;
&#8220;Furthermore, in January of 2024, Hong Kong SFC uplifted our Type 1 License, now we can offer Virtual Asset dealing services to Professional Investors. This positions us as one of the first mainstream online brokerage firms in Hong Kong to receive approval for such a license upgrade.&#8221;
Price Action:&nbsp;TIGR shares are down by 10.1% at $4.02 on the last check Tuesday.

Equities

Why Online Brokerage Firm UP Fintech's Stock Is Declining Today

UP Fintech Holding shares are trading lower after the company reported worse-than-expected Q4 results.

<h3>Companies Reporting Before The Bell</h3>
&bull; UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) is expected to report quarterly earnings at $0.07 per share on revenue of $207.00 million.
&bull; Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) is estimated to report earnings for its fourth quarter.
&bull; Mogo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOGO#NASDAQ">MOGO</a>) is likely to report quarterly loss at $0.09 per share on revenue of $12.14 million.
&bull; Ollie&#39;s Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $641.29 million.
&bull; Sportradar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRAD#NASDAQ">SRAD</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $271.46 million.
&bull; Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) is estimated to report quarterly earnings at $1.49 per share on revenue of $956.43 million.
&bull; BioNTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) is projected to report quarterly earnings at $2.64 per share on revenue of $1.99 billion.
&bull; Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) is likely to report quarterly loss at $0.16 per share on revenue of $242.39 million.
&bull; PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) is projected to report quarterly earnings at $1.60 per share on revenue of $11.01 billion.
&bull; H World Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) is likely to report quarterly earnings at $0.36 per share on revenue of $756.94 million.
&bull; So-Young Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SY#NASDAQ">SY</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $51.04 million.
&bull; JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) is estimated to report quarterly earnings at $2.50 per share on revenue of $4.28 billion.
&bull; Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) is expected to report earnings for its fourth quarter.
&bull; J.Jill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JILL#NYSE">JILL</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $147.40 million.
&bull; Bakkt Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>) is expected to report quarterly loss at $0.13 per share on revenue of $15.25 million.
&bull; General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) is projected to report quarterly earnings at $1.04 per share on revenue of $4.96 billion.
&bull; Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) is estimated to report quarterly earnings at $6.35 per share on revenue of $2.54 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Vasta Platform (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTA#NASDAQ">VSTA</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $109.49 million.
&bull; Nortech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSYS#NASDAQ">NSYS</a>) is estimated to report earnings for its fourth quarter.
&bull; Sadot Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDOT#NASDAQ">SDOT</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $186.43 million.
&bull; FGI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGI#NASDAQ">FGI</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $30.40 million.
&bull; Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) is projected to report quarterly earnings at $1.56 per share on revenue of $855.54 million.
&bull; Avinger (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGR#NASDAQ">AVGR</a>) is likely to report earnings for its fourth quarter.
&bull; Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is likely to report quarterly loss at $0.26 per share on revenue of $5.33 billion.
&bull; Rani Therapeutics Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RANI#NASDAQ">RANI</a>) is likely to report earnings for its fourth quarter.
&bull; 17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) is projected to report earnings for its fourth quarter.
&bull; Avino Silver &amp; Gold Mines (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ASM#AMEX">ASM</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $19.60 million.
&bull; Corporacion America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAAP#NYSE">CAAP</a>) is projected to report quarterly earnings at $0.29 per share on revenue of $431.10 million.
&bull; Hall Of Fame Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFV#NASDAQ">HOFV</a>) is projected to report quarterly loss at $2.60 per share on revenue of $5.48 million.
&bull; Trevi Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRVI#NASDAQ">TRVI</a>) is estimated to report earnings for its fourth quarter.
&bull; Worthington Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $326.97 million.
&bull; Lithium Americas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAAC#NYSE">LAAC</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $18.10 million.
&bull; CuriosityStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURI#NASDAQ">CURI</a>) is expected to report quarterly loss at $0.15 per share on revenue of $15.80 million.
&bull; LexinFintech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) is likely to report earnings for its fourth quarter.
&bull; Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) is expected to report quarterly earnings at $3.78 per share on revenue of $1.35 billion.
&bull; KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) is expected to report quarterly earnings at $1.57 per share on revenue of $1.46 billion.
&bull; Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) is expected to report quarterly loss at $0.04 per share on revenue of $2.77 billion.
&bull; Enerpac Tool Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAC#NYSE">EPAC</a>) is projected to report quarterly earnings at $0.36 per share on revenue of $141.10 million.
&bull; HeartBeam (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAT#NASDAQ">BEAT</a>) is likely to report quarterly loss at $0.13 per share on revenue of $40 thousand.
&bull; AuthID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUID#NASDAQ">AUID</a>) is likely to report earnings for its fourth quarter.
&bull; Sera Prognostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERA#NASDAQ">SERA</a>) is projected to report quarterly loss at $0.26 per share on revenue of $50 thousand.
&bull; Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) is estimated to report quarterly earnings at $0.21 per share on revenue of $780.25 million.
&bull; OmniAb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OABI#NASDAQ">OABI</a>) is projected to report quarterly loss at $0.15 per share on revenue of $7.47 million.
&bull; Alvotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALVO#NASDAQ">ALVO</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $68.00 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Bakkt Holdings, Inc. Class A Common Stock

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Earnings Scheduled For March 20, 2024

UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) reported quarterly earnings of $0.01 per share which missed the analyst consensus estimate of $0.07 by 90 percent. This is a 75.86 percent decrease over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $69.98 million which missed the analyst consensus estimate of $207.00 million by 66.19 percent. This is a 9.59 percent increase over sales of $63.85 million the same period last year.

UP Fintech Holding Q4 Adj EPADS $0.01 Misses $0.07 Estimate, Sales $69.98M Miss $207.00M Estimate

UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-03-20. Here's what investors need to know before the announcement.
Analysts estimate that UP Fintech Holding will report an earnings per share (EPS) of $0.07. 
UP Fintech Holding bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at UP Fintech Holding's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td>0.040</td>
<td>0.030</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.1</td>
<td>0.097</td>
<td>0.066</td>
<td>0.029</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-1.0%</td>
<td>9.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<a href="https://www.benzinga.com/quote/TIGR/earnings">To track all earnings releases for UP Fintech Holding visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For UP Fintech Holding

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Shares of companies within the broader financial sector are trading lower amid overall market weakness following worse-than-expected February PPI data.

U.S. stock futures were higher this morning, with the Dow futures gaining by around 100 points on Thursday.
Shares of Hello Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/momo#NASDAQ">MOMO</a>) fell sharply in today&rsquo;s pre-market trading after the company reported fourth-quarter financial results and issued <a href="https://www.benzinga.com/quote/MOMO/earnings">first-quarter revenue guidance</a>.
Hello Group posted adjusted earnings of 37 cents per share, compared to estimates of 34 cents per share. The company&rsquo;s quarterly sales came in at $422.95 million versus expectations of $405.61 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Hello Group said it sees first-quarter net revenue of RMB2.45 billion to RMB2.55 billion.
Hello Group shares dipped 19.1% to $6.21 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Pagaya Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgy#NASDAQ">PGY</a>) declined 14.1% to $13.32 in pre-market trading after the company commenced an underwritten offering of 6.5 million shares.</li>
<li>Futu Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/futu#NASDAQ">FUTU</a>) shares fell 11.5% to $57.90 in pre-market trading following fourth-quarter results.</li>
<li>SentinelOne, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/s#NYSE">S</a>) dipped 9.7% to $25.22 in pre-market trading after the company reported fourth-quarter financial results and issued guidance.</li>
<li>UP Fintech Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tigr#NASDAQ">TIGR</a>) declined 6.6% to $4.64 in pre-market trading. UP Fintech Holding is expected to report its financial results for the fourth quarter, before the opening bell on March 20, 2024.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) fell 5.5% to $0.9734 in pre-market trading after dipping 8% on Wednesday.</li>
<li>HUTCHMED (China) Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcm#NASDAQ">HCM</a>) declined 5.4% to $17.55 in pre-market trading after gaining around 14% on Wednesday.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) shares fell 4.4% to $13.36 in pre-market trading. On Feb. 22, Applied Optoelectronics reported fourth-quarter financial results and issued guidance.</li>
<li>Anheuser-Busch InBev SA/NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bud#NYSE">BUD</a>) shares fell 3.9% to $62.01 in pre-market trading after Altria announced its intent to sell a portion of its investment in the company.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/03/37682999/investor-sentiment-edges-higher-s-p-500-falls-from-record-high"> Investor Sentiment Edges Higher, S&amp;P 500 Falls From Record High </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

AAOI

MOMO

NUKK

Hello Group Posts Q4 Results, Joins SentinelOne, Futu Holdings And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

UP Fintech Non-GAAP EPADS of $0.03, revenue of $87.4M

Earnings Snapshot: UP Fintech reports all-time high Q2 revenue, total client assets of $38.2 billion

Up Fintech Holding (TIGR) has released an update. UP Fintech Holding Limited, the parent company of the Tiger Brokers online trading platform, repo...

UP Fintech Reports Record Revenue and Growth

UP Fintech Holding Limited (TIGR) Q2 2024 Earnings Call Transcript

UP Fintech stock slides after Q2 earnings dented by $13.2M loss provision

UP Fintech Holding: Look Beyond One-Offs And Consider Positive Growth Momentum

Analyst Ken Shih of DBS maintained a Buy rating on Up Fintech Holding (TIGR – Research Report), with a price target of $5.80. Ken Shih has given hi...

Buy Rating Affirmed for Up Fintech Holding Amidst Client Growth and Strategic Global Expansion

Citi analyst Judy Zhang maintained a Buy rating on Up Fintech Holding (TIGR – Research Report) on September 1 and set a price target of $5.00. Judy...

Buy Rating Affirmed for Up Fintech Holding Amid Strong Core Performance and Growth Potential

Warning: TIGR is at high risk of performing badly

Chinese financial stocks climb on new wave of stimulus measures

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Press Releases

UP Fintech: Client Assets Hit Record High, Over 75% from Clients in Markets such as SG; 2023 Net Income Surged by 237%

UP Fintech Holding Limited's Hong Kong Subsidiary Receives SFC Approval on Type 9 License to Provide Asset Management Services

Tiger Brokers (HK) officially launches virtual asset trading services, leading the way in Hong Kong's online brokerage industry

UP Fintech Holding Limited to Report First Quarter 2024 Financial Results on June 5, 2024

UP Fintech Holding Limited Reports Unaudited First Quarter 2024 Financial Results

UP Fintech: Revenue Hits Three-Year High, Net Profit up 42% YoY, Client Assets Reach Record US$32.9 Billion

UP Fintech Holding Limited to Report Second Quarter 2024 Financial Results on August 30, 2024

UP Fintech Holding Limited Reports Unaudited Second Quarter 2024 Financial Results

UP Fintech: Record-High Quarterly Revenue with Total Client Assets Reaching US$38.2 Billion

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