Securitize (NYSE:SECZ) Rating Increased to Moderate Buy at Needham & Company LLC

Needham & Company LLC upgraded shares of Securitize (NYSE:SECZ) to a moderate buy rating in a report released on Tuesday,Zacks reports.

Several other equities research analysts also recently weighed in on the stock. Rosenblatt Securities lowered their target price on shares of Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Citigroup started coverage on Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating on the stock. Wall Street Zen downgraded Securitize to a “strong sell” rating in a research report on Saturday. Benchmark decreased their price objective on Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, Citizens Jmp assumed coverage on Securitize in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 price objective for the company. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $11.40.

Securitize Stock Up 11.4%

Shares of Securitize stock opened at $8.27 on Tuesday. The stock has a market capitalization 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.

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