Securitize (NYSE:SECZ) Stock Rating Upgraded by Needham & Company LLC

Securitize (NYSE:SECZ) was upgraded by analysts at Needham & Company LLC to a “moderate buy” rating in a research note issued on Tuesday, Zacks reports.

SECZ has been the subject of a number of other research reports. Citigroup began coverage on shares of Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating for the company. Wall Street Zen lowered shares of Securitize to a “strong sell” rating in a research report on Saturday. Benchmark decreased their price objective on shares of Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Citizens Jmp started coverage on shares of Securitize in a report on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price objective for the company. Finally, Rosenblatt Securities cut their target price on shares of Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $11.40.

Securitize Price Performance

Securitize stock opened at $8.27 on Tuesday. Securitize has a 52-week low of $5.14 and a 52-week high of $13.70. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -3.33 and a beta of 1.45.

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

Securitize Company Profile

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.