Securitize (NYSE:SECZ) Upgraded at Citigroup

Citigroup upgraded shares of Securitize (NYSE:SECZ – Free Report) from a neutral rating to a buy rating in a research report released on Tuesday, Marketbeat reports. Citigroup currently has $14.00 price target on the stock.

Other equities analysts have also recently issued research reports about the stock. Benchmark dropped their price target 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. Citizens Jmp raised their price objective on shares of Securitize from $15.00 to $17.00 and gave the company a “market outperform” rating in a research note on Friday, October 9th. Rosenblatt Securities raised their price objective on shares of Securitize from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Needham & Company LLC initiated coverage on shares of Securitize in a report on Tuesday, September 8th. They issued a “buy” rating and a $11.00 target price for the company. Finally, Weiss Ratings started coverage on shares of Securitize in a research note on Friday, September 25th. They issued a “sell (d-)” rating on the stock. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.53.

Read Our Latest Stock Report on Securitize

Securitize Stock Performance

Securitize stock opened at $8.39 on Tuesday. The business has a fifty day moving average of $10.18. Securitize has a 12 month low of $5.14 and a 12 month high of $17.01.

Securitize (NYSE:SECZ – Get Free Report) last released its earnings results on Monday, November 9th. The company reported ($0.41) EPS for the quarter. The firm had revenue of $18.61 million during the quarter. On average, research analysts predict that Securitize will post -0.81 EPS for the current year.

Institutional Trading of Securitize

A number of institutional investors and hedge funds have recently modified their holdings of SECZ. State Street Corp purchased a new position in shares of Securitize in the third quarter worth $10,050,000. Mitsubishi UFJ Financial Group Inc. purchased a new stake in shares of Securitize during the third quarter valued at $9,492,000. Voya Investment Management LLC bought a new stake in Securitize in the 3rd quarter worth about $1,336,000. J. Derek Lewis & Associates Inc. bought a new stake in Securitize in the 3rd quarter worth about $439,000. Finally, Money Concepts Capital Corp purchased a new position in Securitize in the 3rd quarter worth about $245,000.

Securitize News Roundup

These are some of the SECZ news items that stood out recently:

Securitize Company Profile

(Get Free Report)

Securitize provides technology and regulated financial services for issuing and managing digital securities on blockchain networks. Its platform supports the tokenization of assets such as private fund interests and other securities, along with investor onboarding, compliance, recordkeeping and related lifecycle services. The company also offers infrastructure for secondary trading of digital securities through regulated entities, including broker-dealer and alternative trading system services. Founded in 2017, Securitize has worked with asset managers and financial institutions seeking to bring investment products onto blockchain-based systems.

Further Reading

Analyst Recommendations for Securitize (NYSE:SECZ)

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