Securitize (NYSE:SECZ) Trading Up 7.5% on Analyst Upgrade

Securitize Holdings (NYSE:SECZ)’s share price rose 7.5% during mid-day trading on Monday after Rosenblatt Securities raised their price target on the stock from $11.00 to $13.00. Rosenblatt Securities currently has a buy rating on the stock. Securitize traded as high as $11.93 and last traded at $11.6730. 1,639,290 shares traded hands during trading, a decline of 24% from the average session volume of 2,160,806 shares. The stock had previously closed at $10.86.

Several other brokerages have also recently weighed in on SECZ. Citizens Jmp began coverage on shares of Securitize in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 price target for the company. Cantor Fitzgerald started coverage on shares of Securitize in a report on Monday. They set an “overweight” rating and a $21.20 price objective on the stock. Citigroup began coverage on shares of Securitize in a research note on Tuesday, August 11th. They issued an “outperform” rating for the company. Needham & Company LLC initiated coverage on Securitize in a report on Tuesday, September 8th. They set a “buy” rating and a $11.00 target price for the company. Finally, Benchmark cut their price target on Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Securitize has an average rating of “Buy” and an average target price of $13.37.

Securitize Price Performance

The stock has a 50 day moving average of $7.20. The company has a market cap of $1.91 billion, a P/E ratio of -4.69 and a beta of 1.45.

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

Securitize Company Profile

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities on blockchain networks. Its platform enables companies and investment managers to tokenize assets such as private-company shares, private funds, credit products and other real-world assets, while supporting compliance and investor onboarding.

The company offers services including digital securities issuance, transfer-agent and fund-administration capabilities, a marketplace for certain tokenized assets, and investment products through its Securitize Capital business.