Benchmark Lowers Securitize (NYSE:SECZ) Price Target to $10.00

Securitize (NYSE:SECZ) had its price target reduced by research analysts at Benchmark from $16.00 to $10.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target suggests a potential upside of 78.41% from the company’s current price.

SECZ has been the topic of a number of other research reports. Citizens Jmp assumed coverage on Securitize in a research note on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 target price on the stock. Citigroup assumed coverage on Securitize in a research note on Tuesday, August 11th. They set an “outperform” rating for the company. Finally, Rosenblatt Securities reduced their price target on Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Securitize has a consensus rating of “Buy” and an average price target of $11.50.

Securitize Stock Performance

Securitize stock opened at $5.61 on Monday. Securitize has a 12 month low of $5.17 and a 12 month high of $13.70. The firm has a market cap of $171.40 million, a PE ratio of -50.95 and a beta of 1.48.

Securitize (NYSE:SECZ) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($2.37) earnings per share (EPS) for the quarter. The company had revenue of $14.44 million during the quarter.

About Securitize

Securitize is a financial technology company that provides a platform for issuing, managing, and trading tokenized securities and other digital assets. The company focuses on helping issuers digitize assets on blockchain-based infrastructure while giving investors and intermediaries tools to support compliance, transferability, and recordkeeping.

Its products and services are designed for use across the lifecycle of digital securities, including issuance, investor onboarding, cap table and ownership management, and secondary trading support through regulated market infrastructure.