Securitize (NYSE:SECZ) Shares Climb 9.8% – What’s Next?

Shares of Securitize Holdings (NYSE:SECZ) were up 9.8% during mid-day trading on Tuesday. The stock traded as high as $12.79 and last traded at $12.8460. Approximately 817,627 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 2,721,820 shares. The stock had previously closed at $11.70.

Analyst Ratings Changes

SECZ has been the topic of a number of recent analyst reports. Weiss Ratings began coverage on Securitize in a report on Friday, September 25th. They set a “sell (d-)” rating on the stock. Zacks Research raised Securitize to a “hold” rating in a research report on Tuesday, September 22nd. Rosenblatt Securities lifted their target price on Securitize from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, September 21st. Benchmark decreased their price objective on shares of Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, Cantor Fitzgerald assumed coverage on shares of Securitize in a research report on Monday, September 21st. They issued an “overweight” rating and a $21.20 price objective on the stock. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.37.

Securitize Stock Up 7.3%

The company’s 50 day simple moving average is $8.74. The stock has a market cap of $2.05 billion, a PE ratio of -5.10 and a beta of -0.13.

Securitize (NYSE:SECZ) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share for the quarter. The firm had revenue of $14.44 million during the quarter. As a group, equities research analysts anticipate that Securitize Holdings will post -0.81 earnings per share for the current 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.