Securitize Holdings (NYSE:SECZ) Receives Consensus Recommendation of “Buy” from Brokerages

Securitize Holdings (NYSE:SECZ) has earned a consensus recommendation of “Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $11.40.

SECZ has been the topic of a number of analyst reports. Citizens Jmp initiated coverage on Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price objective on the stock. Rosenblatt Securities decreased their target price on shares of Securitize from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Citigroup began coverage on shares of Securitize in a report on Tuesday, August 11th. They set an “outperform” rating on the stock. Wall Street Zen lowered shares of Securitize to a “strong sell” rating in a research report on Saturday. Finally, Needham & Company LLC began coverage on shares of Securitize in a research note on Tuesday. They issued a “buy” rating and a $11.00 price objective for the company.

Securitize Stock Performance

SECZ opened at $7.44 on Tuesday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -3.00 and a beta of 1.45. Securitize has a 1-year low of $5.14 and a 1-year high of $13.70.

Securitize (NYSE:SECZ) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The firm had revenue of $14.44 million during the quarter.

About Securitize

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.