Securitize (NYSE:SECZ) Upgraded by Needham & Company LLC to “Moderate Buy” Rating

Securitize (NYSE:SECZ) was upgraded by stock analysts at Needham & Company LLC to a “moderate buy” rating in a research report issued on Tuesday, Zacks reports.

Several other equities research analysts have also recently commented on the company. Benchmark lowered their target price on Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Wall Street Zen lowered Securitize to a “strong sell” rating in a research note on Saturday. Citigroup assumed coverage on Securitize in a report on Tuesday, August 11th. They issued an “outperform” rating on the stock. Rosenblatt Securities lowered their price objective on 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 initiated coverage on Securitize in a report on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price objective for the company. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Securitize currently has a consensus rating of “Buy” and a consensus target price of $11.40.

Securitize Price Performance

Shares of Securitize stock opened at $8.27 on Tuesday. Securitize has a fifty-two week low of $5.14 and a fifty-two week high of $13.70. The company has a market capitalization of $1.35 billion, a P/E ratio of -3.33 and a beta of 1.45.

Securitize (NYSE:SECZ) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($2.37) earnings per share (EPS) for the quarter. The business 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.