Securitize Holdings (NYSE:SECZ) Receives Average Recommendation of “Moderate Buy” from Analysts

Securitize Holdings (NYSE:SECZ) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.37.

SECZ has been the subject of several research analyst reports. Weiss Ratings began coverage on Securitize in a report on Friday, September 25th. They set a “sell (d-)” rating for the company. Zacks Research raised Securitize to a “hold” rating in a report on Tuesday, September 22nd. Needham & Company LLC initiated coverage on Securitize in a research report on Tuesday, September 8th. They set a “buy” rating and a $11.00 target price for the company. Benchmark cut their target price on shares of Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, Citigroup initiated coverage on shares of Securitize in a research report on Tuesday, August 11th. They issued an “outperform” rating on the stock.

Securitize Stock Performance

Shares of SECZ stock opened at $12.94 on Friday. The business has a fifty day moving average of $8.64. Securitize has a 52 week low of $5.14 and a 52 week high of $17.01. The stock has a market cap of $2.11 billion, a PE ratio of -5.22 and a beta of -0.20.

Securitize (NYSE:SECZ) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($2.37) earnings per share for the quarter. The firm had revenue of $14.44 million during the quarter. On average, research analysts forecast that Securitize will post -0.81 EPS for the current fiscal 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.