Noteworthy bearish activity has been observed in UP Fintech Holding Ltd (TIGR, Financial) as the trading volume for puts reached 5,769, doubling the anticipated level. The most traded options were the July 2025 $8 puts and October 2025 $7 puts, accounting for nearly 3,400 contracts in total. This activity has pushed the Put/Call Ratio to 2.12, indicating a preference for protective strategies among traders. Additionally, the at-the-money implied volatility rose by more than one point during the day. Investors are closely watching, with earnings set to be announced on June 5th.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for UP Fintech Holding Ltd (TIGR, Financial) is $9.86 with a high estimate of $14.00 and a low estimate of $3.06. The average target implies an upside of 8.78% from the current price of $9.06. More detailed estimate data can be found on the UP Fintech Holding Ltd (TIGR) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, UP Fintech Holding Ltd's (TIGR, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for UP Fintech Holding Ltd (TIGR, Financial) in one year is $7.33, suggesting a downside of 19.09% from the current price of $9.06. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the UP Fintech Holding Ltd (TIGR) Summary page.
TIGR Key Business Developments
Release Date: March 18, 2025
- Total Revenue (Q4 2024): USD 124.1 million, a 22.8% increase quarter-over-quarter and a 77.3% increase year-over-year.
- Total Revenue (Full Year 2024): USD 391.5 million, a 43.7% increase from 2023.
- GAAP Net Income (Q4 2024): USD 28.1 million, a 58% increase quarter-over-quarter.
- Non-GAAP Net Income (Q4 2024): USD 30.5 million, a 51.7% increase quarter-over-quarter.
- GAAP Net Income (Full Year 2024): USD 60.7 million, an 86.5% increase from 2023.
- Non-GAAP Net Income (Full Year 2024): USD 70.5 million, a 65% increase from 2023.
- Non-GAAP Net Profit Margin (Q4 2024): Increased from 20% in Q3 to 25% in Q4.
- Newly Funded Accounts (Q4 2024): 59,200, a 17.2% increase from the previous quarter.
- Total Funded Accounts (End of 2024): 1.09 million, a 20.7% increase year-over-year.
- Net Asset Inflow (Q4 2024): USD 1.1 billion, with approximately 80% from retail users.
- Total Current Assets (End of 2024): USD 41.7 billion, a 2.4% increase quarter-over-quarter and a 36.4% increase year-over-year.
- Interest Expense (Q4 2024): USD 16.7 million, a 5% increase from the same quarter last year.
- Execution and Clearing Expense (Q4 2024): USD 6.1 million, a 172% increase from the same quarter last year.
- Employee Compensation and Benefits (Q4 2024): USD 37.2 million, a 41% increase year-over-year.
- Communication and Market Data Expense (Q4 2024): USD 11.8 million, a 38% increase year-over-year.
- Marketing Expense (Q4 2024): USD 9.5 million, a 64% increase year-over-year.
- Total Operating Costs (Q4 2024): USD 73.1 million, a 39% increase from the same quarter last year.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- UP Fintech Holding Ltd (TIGR, Financial) reported a substantial increase in total revenue for Q4 2024, reaching USD124.1 million, a 22.8% increase quarter-over-quarter and a 77.3% increase year-over-year.
- The company achieved record highs in both commission and interest income, with commission income growing by 35.8% and interest income by 16.3% compared to the previous quarter.
- For the full year 2024, total revenue reached USD391.5 million, marking a 43.7% increase from 2023, with significant improvements in profitability.
- UP Fintech Holding Ltd (TIGR) added 59,200 newly funded accounts in Q4, a 17.2% increase from the previous quarter, surpassing their annual target of 150,000 new accounts.
- The company successfully upgraded its AI investment assistant, TigerGPT to TigerAI, integrating leading AI models to enhance user experience and investment decision-making.
Negative Points
- Interest expense increased by 5% from the same quarter last year due to higher margin financing and securities lending activities.
- Execution and clearing expenses rose by 172% year-over-year, primarily due to increased trading volume.
- Employee compensation and benefits expenses increased by 41% year-over-year due to an increase in global headcounts.
- The effective tax rate increased from 14% in Q3 to 25% in Q4, primarily due to increased profit from the US market, where the tax rate is higher.
- Despite the growth in revenue and profitability, the company faces challenges from market volatility, particularly in the US stock market, which could impact future trading volumes.
