Securitize (NYSE:SECZ) Raised to “Hold” at Zacks Research

Securitize (NYSE:SECZ) was upgraded by stock analysts at Zacks Research to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

A number of other equities research analysts also recently weighed in on SECZ. Benchmark lowered their price target on Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 17th. Citigroup initiated coverage on shares of Securitize in a report on Tuesday, August 11th. They issued an “outperform” rating on the stock. Citizens Jmp started coverage on Securitize in a research note on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 target price for the company. Rosenblatt Securities increased their price target on Securitize from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Wall Street Zen cut Securitize to a “strong sell” rating in a research report on Saturday, September 5th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Securitize presently has an average rating of “Moderate Buy” and a consensus target price of $13.37.

Securitize Trading Up 10.0%

NYSE:SECZ opened at $14.29 on Tuesday. The stock has a market cap of $2.33 billion, a PE ratio of -5.76 and a beta of 1.45. Securitize has a 1-year low of $5.14 and a 1-year high of $14.87. The firm has a 50-day moving average price of $7.56.

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. On average, analysts predict that Securitize will post -0.81 earnings per share for the current year.

More Securitize News

Here are the key news stories impacting Securitize this week:

• Positive Sentiment: The New York Stock Exchange’s expansion of plans for tokenized stocks strengthened the outlook for Securitize’s platform and reinforced expectations that blockchain-based trading could become more widely adopted. Securitize Hits New High as NYSE Expands Tokenized Stock Plans
• Positive Sentiment: Recent Securities and Exchange Commission developments reportedly provided a “go signal” for tokenized securities trading, boosting confidence in Securitize’s regulatory positioning and growth prospects. Securitize Climbs to All-Time High on Tokenized Securities Go-Signal
• Positive Sentiment: Cantor Fitzgerald initiated coverage with an Overweight rating and a $21.20 price target, citing Securitize’s early position in the tokenization of traditional financial assets. The bullish target encouraged additional buying. Cantor Fitzgerald Sees Big Upside in Securitize
• Positive Sentiment: The broader cryptocurrency rally and optimistic Wall Street estimates added momentum, while inclusion in the S&P Total Market Index could increase visibility and potentially support index-related demand. Securitize Added to S&P TMI Index

About Securitize

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities on blockchain networks. Its platform enables companies and investment managers to tokenize assets such as private-company shares, private funds, credit products and other real-world assets, while supporting compliance and investor onboarding.

The company offers services including digital securities issuance, transfer-agent and fund-administration capabilities, a marketplace for certain tokenized assets, and investment products through its Securitize Capital business.