Securitize Holdings (SECZ) – What Are Analysts Saying About This Stock?

Securitize Holdings (NYSE:SECZ) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $14.37.

SECZ has been the topic of a number of analyst reports. Zacks Research raised Securitize to a “hold” rating in a research report on Tuesday, September 22nd. Citigroup cut Securitize from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $10.00 to $14.00 in a report on Tuesday, October 13th. Wall Street Zen cut Securitize to a “strong sell” rating in a report on Saturday, September 5th. Rosenblatt Securities upped their target price on Securitize from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, September 21st. Finally, Citizens Jmp increased their target price on Securitize from $15.00 to $17.00 and gave the stock a “market outperform” rating in a report on Friday, October 9th.

Securitize Stock Up 8.0%

NYSE SECZ opened at $7.82 on Wednesday. The firm has a 50-day simple moving average of $9.99. Securitize has a 12-month low of $5.14 and a 12-month high of $17.01.

Securitize (NYSE:SECZ) last announced its earnings results on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The firm had revenue of $14.44 million for the quarter. On average, research analysts forecast that Securitize will post -0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Securitize

An institutional investor recently bought a new position in Securitize stock. Brighton Jones LLC acquired a new position in shares of Securitize Holdings (NYSE:SECZ) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $146,000.

About Securitize

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.