Securitize (NYSE:SECZ) Shares Up 9.1% – Should You Buy?

Securitize Holdings (NYSE:SECZ) shares traded up 9.1% during mid-day trading on Tuesday. The stock traded as high as $7.93 and last traded at $7.8990. 209,357 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 2,826,417 shares. The stock had previously closed at $7.24.

Analyst Ratings Changes

A number of brokerages recently issued reports on SECZ. Cantor Fitzgerald assumed coverage on Securitize in a report on Monday, September 21st. They issued an “overweight” rating and a $21.20 price target for the company. Wall Street Zen downgraded Securitize to a “strong sell” rating in a research report on Saturday, September 5th. Benchmark dropped their target price on shares of Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Rosenblatt Securities lifted their price objective on Securitize from $11.00 to $13.00 and gave the company a “buy” rating in a report on Monday, September 21st. Finally, Zacks Research upgraded shares of Securitize to a “hold” rating in a report on Tuesday, September 22nd. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.37.

Securitize Trading Up 9.5%

The stock has a market cap of $1.29 billion, a P/E ratio of -3.19 and a beta of -0.13. The firm’s 50 day simple moving average is $9.96.

Securitize (NYSE:SECZ) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The business had revenue of $14.44 million for the quarter. Research analysts forecast that Securitize Holdings will post -0.81 EPS for the current fiscal year.

About Securitize

Securitize is a financial technology company focused on the issuance, management and trading of tokenized securities and other real-world assets. Its platform uses blockchain technology to create digital representations of assets such as private company shares, investment funds, credit products and real estate interests.

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