Securitize (NYSE:SECZ) Sees Unusually-High Trading Volume – Here’s Why

Securitize Holdings (NYSE:SECZ) shares saw strong trading volume on Thursday. Approximately 3,016,454 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 2,764,251 shares. The stock last traded at $12.4590 and had previously closed at $11.40.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SECZ. Zacks Research raised shares of Securitize to a “hold” rating in a report on Tuesday, September 22nd. Citigroup started coverage on shares of Securitize in a research note on Tuesday, August 11th. They set an “outperform” rating for the company. Benchmark decreased their target price on shares of Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Rosenblatt Securities raised their price target on shares of Securitize from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Finally, Needham & Company LLC began coverage on Securitize in a report on Tuesday, September 8th. They set a “buy” rating and a $11.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.37.

Securitize Trading Up 7.2%

The company has a 50 day moving average of $8.95. The firm has a market capitalization of $1.99 billion, a P/E ratio of -4.92 and a beta of -0.13.

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