Securitize Holdings (NYSE:SECZ) Given Consensus Rating of “Buy” by Brokerages

Shares of Securitize Holdings (NYSE:SECZ) have been given an average recommendation of “Buy” by the five brokerages that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $11.40.

SECZ has been the subject of several research reports. Citizens Jmp started coverage on shares of Securitize in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 price objective for the company. Benchmark decreased their price target on shares of 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 price target on shares of Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 14th. Needham & Company LLC initiated coverage on shares of Securitize in a research report on Tuesday, September 8th. They issued a “buy” rating and a $11.00 price objective for the company. Finally, Citigroup assumed coverage on Securitize in a report on Tuesday, August 11th. They set an “outperform” rating on the stock.

Securitize Stock Performance

NYSE SECZ opened at $8.27 on Tuesday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -3.33 and a beta of 1.45. Securitize has a one year low of $5.14 and a one year high of $13.70. The stock’s 50 day simple moving average is $7.05.

Securitize (NYSE:SECZ) last issued 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.

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.