Securitize (NYSE:SECZ) Trading Up 8.4% – Still a Buy?

Securitize Holdings (NYSE:SECZ)’s stock price traded up 8.4% on Thursday . The company traded as high as $7.08 and last traded at $7.06. 895,299 shares were traded during mid-day trading, a decline of 48% from the average session volume of 1,707,255 shares. The stock had previously closed at $6.51.

Analysts Set New Price Targets

SECZ has been the subject of a number of research analyst reports. Citigroup initiated coverage on shares of Securitize in a report on Tuesday, August 11th. They set an “outperform” rating for the company. Benchmark dropped their target price on shares of Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Rosenblatt Securities reduced their target price on shares of Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Finally, Citizens Jmp began coverage on shares of Securitize in a research note on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Securitize has a consensus rating of “Buy” and a consensus price target of $11.50.

Securitize Price Performance

The stock has a market cap of $1.18 billion, a P/E ratio of -2.90 and a beta of 1.45.

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.

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.