Rosenblatt Securities Lowers Securitize (NYSE:SECZ) Price Target to $11.00

Securitize (NYSE:SECZ) had its price target cut by analysts at Rosenblatt Securities from $14.00 to $11.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ target price suggests a potential upside of 90.38% from the stock’s current price.

A number of other analysts also recently weighed in on SECZ. Citigroup started coverage on Securitize in a research report on Tuesday. They set an “outperform” rating for the company. Citizens Jmp assumed coverage on Securitize in a research report on Tuesday. They issued an “outperform” rating and a $15.00 price target on the stock. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Securitize currently has an average rating of “Buy” and a consensus price target of $12.00.

Securitize Trading Down 26.5%

Shares of SECZ opened at $5.78 on Friday. Securitize has a 12 month low of $5.67 and a 12 month high of $13.70. The company has a market cap of $176.69 million, a PE ratio of -52.53 and a beta of 1.46.

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