Securitize (NYSE:SECZ) Stock Price Down 5.4% – Should You Sell?

Securitize Holdings (NYSE:SECZ) fell 5.4% during mid-day trading on Thursday. The stock traded as low as $13.80 and last traded at $13.8030. 801,595 shares were traded during mid-day trading, a decline of 70% from the average session volume of 2,684,222 shares. The stock had previously closed at $14.59.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SECZ shares. Citizens Jmp initiated coverage on Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price target for the company. Needham & Company LLC initiated coverage on Securitize in a report on Tuesday, September 8th. They issued a “buy” rating and a $11.00 price objective on the stock. Rosenblatt Securities raised their price objective on Securitize from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, September 21st. Benchmark decreased their target price on Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, Zacks Research upgraded Securitize to a “hold” rating in a research report on Tuesday, September 22nd. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.37.

Securitize Trading Down 5.7%

The company has a market capitalization of $2.25 billion, a PE ratio of -5.54 and a beta of 1.45. The business’s 50 day simple moving average is $8.41.

Securitize (NYSE:SECZ) last released its earnings results on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The firm had revenue of $14.44 million for the quarter. On average, sell-side analysts forecast that Securitize Holdings will post -0.81 EPS for the current fiscal year.

Securitize Company Profile

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.