Citizens Jmp Issues Positive Forecast for Securitize (NYSE:SECZ) Stock Price

Securitize (NYSE:SECZ) had its price target lifted by stock analysts at Citizens Jmp from $15.00 to $17.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s target price points to a potential upside of 33.83% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Citigroup reiterated an “outperform” rating on shares of Securitize in a research report on Friday. Wall Street Zen downgraded shares of Securitize to a “strong sell” rating in a report on Saturday, September 5th. Rosenblatt Securities boosted their price target on shares of Securitize from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, September 21st. Cantor Fitzgerald initiated coverage on shares of Securitize in a report on Monday, September 21st. They set an “overweight” rating and a $21.20 price target for the company. Finally, Weiss Ratings started coverage on shares of Securitize in a research report on Friday, September 25th. They issued a “sell (d-)” rating for the company. 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.70.

Securitize Stock Up 11.4%

Shares of SECZ opened at $12.70 on Friday. Securitize has a fifty-two week low of $5.14 and a fifty-two week high of $17.01. The business’s 50-day simple moving average is $9.06. The firm has a market capitalization of $2.07 billion, a P/E ratio of -5.12 and a beta of -0.13.

Securitize (NYSE:SECZ) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The business had revenue of $14.44 million during the quarter. As a group, sell-side analysts forecast that Securitize will post -0.81 earnings per share for the current fiscal year.

Securitize Company Profile

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities. Its platform uses blockchain technology to represent ownership interests in assets such as private-company shares, private credit, real estate and investment funds as digital tokens.

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