Securitize (NYSE:SECZ) Stock Price Down 6.7% – Should You Sell?

Shares of Securitize Holdings (NYSE:SECZ) were down 6.7% during trading on Wednesday. The stock traded as low as $11.56 and last traded at $11.8530. 598,128 shares traded hands during trading, a decline of 78% from the average daily volume of 2,745,811 shares. The stock had previously closed at $12.70.

Analyst Ratings Changes

SECZ has been the topic of a number of recent analyst reports. Weiss Ratings initiated coverage on shares of Securitize in a report on Friday, September 25th. They issued a “sell (d-)” rating on the stock. Rosenblatt Securities upped their price objective on Securitize from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, September 21st. Citizens Jmp assumed coverage on Securitize in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 target price on the stock. Zacks Research upgraded Securitize to a “hold” rating in a report on Tuesday, September 22nd. Finally, Citigroup started coverage on Securitize in a report on Tuesday, August 11th. They issued an “outperform” rating on the stock. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.37.

Securitize Trading Up 11.4%

The stock has a 50-day moving average of $9.06. The firm has a market capitalization of $2.07 billion, a PE ratio of -5.12 and a beta of -0.13.

Securitize (NYSE:SECZ) last announced its quarterly earnings results 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. Analysts forecast that Securitize Holdings will post -0.81 EPS for the current year.

Securitize Company Profile

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities. Its platform uses blockchain technology to represent ownership interests in assets such as private-company shares, private credit, real estate and investment funds as digital tokens.

The company offers services for issuers, investors and financial institutions, including digital securities issuance, investor onboarding, compliance administration, transfer-agent services and secondary-market trading.