Securitize (NYSE:SECZ) Trading Up 8.4% – Still a Buy?

Shares of Securitize Holdings (NYSE:SECZ) rose 8.4% during mid-day trading on Thursday . The company traded as high as $7.08 and last traded at $7.06. 895,299 shares were traded during trading, a decline of 48% from the average daily volume of 1,707,255 shares. The stock had previously closed at $6.51.

Analysts Set New Price Targets

SECZ has been the subject of a number of recent research reports. Citizens Jmp began coverage on Securitize in a report on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price objective for the company. Citigroup started coverage on Securitize in a report on Tuesday, August 11th. They issued an “outperform” rating on the stock. Benchmark cut their target price on Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Finally, Rosenblatt Securities decreased their price target on Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 14th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Securitize has a consensus rating of “Buy” and an average price target of $11.50.

Securitize Stock Performance

The company has a market cap of $1.18 billion, a P/E ratio of -2.90 and a beta of 1.45.

Securitize (NYSE:SECZ) last announced its earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share for the quarter. The firm 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.