Securitize (NYSE:SECZ) Issues Earnings Results

Securitize (NYSE:SECZ) posted its quarterly earnings data on Wednesday. The company reported ($2.37) EPS for the quarter, Zacks reports.

Securitize Trading Up 7.7%

Shares of Securitize stock traded up $0.57 during midday trading on Wednesday, hitting $7.96. 2,496,843 shares of the company traded hands, compared to its average volume of 1,408,099. The firm has a market capitalization of $243.42 million, a PE ratio of -72.36 and a beta of 1.46. Securitize has a 12 month low of $6.04 and a 12 month high of $13.70.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SECZ. Citizens Jmp began coverage on Securitize in a research report on Tuesday. They set an “outperform” rating and a $15.00 target price for the company. Citigroup started coverage on shares of Securitize in a research report on Tuesday. They set an “outperform” rating for the company. Finally, Rosenblatt Securities started coverage on shares of Securitize in a research note on Wednesday, July 15th. They set a “buy” rating and a $14.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, Securitize presently has an average rating of “Buy” and a consensus target price of $13.00.

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.