Securitize (NYSE:SECZ) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Securitize (NYSE:SECZ) to a strong sell rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other research analysts have also weighed in on the stock. Citizens Jmp began coverage on shares of Securitize in a report on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price objective for the company. Rosenblatt Securities cut 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. Benchmark reduced their price target on shares of Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Finally, Citigroup assumed coverage on Securitize in a research note on Tuesday, August 11th. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $11.50.

Securitize Trading Up 4.8%

Securitize stock opened at $7.44 on Friday. Securitize has a 12-month low of $5.14 and a 12-month high of $13.70. The firm has a market cap of $1.21 billion, a P/E ratio of -3.00 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 for the quarter. The business had revenue of $14.44 million for 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.