Securitize (NYSE:SECZ) Shares Gap Down – What’s Next?

Securitize Holdings (NYSE:SECZ) gapped down prior to trading on Friday. The stock had previously closed at $8.43, but opened at $7.65. Securitize shares last traded at $7.6350, with a volume of 592,724 shares.

Wall Street Analyst Weigh In

A number of analysts recently commented on SECZ shares. Rosenblatt Securities lifted their price target on Securitize from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, September 21st. Citigroup lowered shares of Securitize from a “buy” rating to a “neutral” rating and increased their price target for the company from $10.00 to $14.00 in a research report on Tuesday, October 13th. Cantor Fitzgerald initiated coverage on shares of Securitize in a research report on Monday, September 21st. They issued an “overweight” rating and a $21.20 price objective on the stock. Citizens Jmp boosted their target price on shares of Securitize from $15.00 to $17.00 and gave the company a “market outperform” rating in a research note on Friday, October 9th. Finally, Needham & Company LLC initiated coverage on shares of Securitize in a research report on Tuesday, September 8th. They set a “buy” rating and a $11.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.37.

Securitize Stock Performance

The company has a 50 day simple moving average of $9.91. The stock has a market cap of $1.24 billion, a P/E ratio of -3.06 and a beta of -0.13.

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. As a group, sell-side analysts forecast that Securitize Holdings will post -0.81 EPS for the current fiscal year.

Securitize Company Profile

Securitize is a financial technology company focused on the issuance, management and trading of tokenized securities and other real-world assets. Its platform uses blockchain technology to create digital representations of assets such as private company shares, investment funds, credit products and real estate interests.

The company provides infrastructure and services for issuers, investors and financial institutions, including digital securities issuance, investor onboarding, compliance, transfer agency, fund administration and secondary-market trading.