Securitize (NYSE:SECZ) Stock Gets Price Target Trim from Rosenblatt Securities

Securitize (NYSE:SECZ – Free Report) had its price target reduced by Rosenblatt Securities from $13.00 to $12.00 in a report released on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

Several other research firms have also issued reports on SECZ. Needham & Company LLC started coverage on Securitize in a research note on Tuesday, September 8th. They issued a “buy” rating and a $11.00 price objective on the stock. Benchmark reduced their target price on Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Zacks Research raised Securitize to a “hold” rating in a report on Tuesday, September 22nd. Cantor Fitzgerald initiated coverage on Securitize in a report on Monday, September 21st. They set an “overweight” rating and a $21.20 target price on the stock. Finally, Citigroup upgraded Securitize from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Securitize has an average rating of “Moderate Buy” and an average target price of $14.53.

Get Our Latest Report on Securitize

Securitize Trading Down 7.4%

Securitize stock opened at $8.39 on Tuesday. The business’s 50-day moving average price is $10.18. Securitize has a fifty-two week low of $5.14 and a fifty-two week high of $17.01.

Securitize (NYSE:SECZ – Get Free Report) last issued its earnings results on Monday, November 9th. The company reported ($0.41) earnings per share (EPS) for the quarter. The company had revenue of $18.61 million for the quarter. Research analysts expect that Securitize will post -0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Securitize

Several hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC bought a new position in shares of Securitize during the third quarter worth approximately $146,000. Harbour Investments Inc. bought a new position in Securitize during the 3rd quarter worth $201,000. Western Wealth Management LLC bought a new position in Securitize during the 3rd quarter worth $210,000. Money Concepts Capital Corp acquired a new stake in shares of Securitize during the third quarter worth $245,000. Finally, J. Derek Lewis & Associates Inc. acquired a new stake in shares of Securitize during the third quarter worth $439,000.

More Securitize News

Here’s some of the latest news about SECZ:

About Securitize

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Securitize provides technology and regulated financial services for issuing and managing digital securities on blockchain networks. Its platform supports the tokenization of assets such as private fund interests and other securities, along with investor onboarding, compliance, recordkeeping and related lifecycle services. The company also offers infrastructure for secondary trading of digital securities through regulated entities, including broker-dealer and alternative trading system services. Founded in 2017, Securitize has worked with asset managers and financial institutions seeking to bring investment products onto blockchain-based systems.

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Analyst Recommendations for Securitize (NYSE:SECZ)

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