Securitize (NYSE:SECZ) Trading 7.4% Higher – Time to Buy?

Securitize Holdings (NYSE:SECZ)’s stock price rose 7.4% during trading on Monday . The company traded as high as $6.50 and last traded at $6.5860. Approximately 465,704 shares traded hands during trading, a decline of 73% from the average session volume of 1,742,145 shares. The stock had previously closed at $6.13.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citizens Jmp began 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. Benchmark decreased their target price on Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Rosenblatt Securities lowered their target price on Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 14th. Finally, Citigroup began coverage on Securitize in a research report on Tuesday, August 11th. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $11.50.

Securitize Stock Performance

The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -2.60 and a beta of 1.48.

Securitize (NYSE:SECZ) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The business had revenue of $14.44 million for the quarter.

About Securitize

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.