Securitize (NYSE:SECZ) Issues Quarterly Earnings Results

Securitize (NYSE:SECZ) issued its earnings results on Monday. The company reported ($0.41) earnings per share for the quarter, Zacks reports.

Securitize Stock Performance

SECZ traded down $0.07 during trading on Monday, reaching $6.89. 2,271,060 shares of the company were exchanged, compared to its average volume of 2,799,115. The company has a 50-day simple moving average of $10.03. The stock has a market cap of $1.13 billion, a P/E ratio of -2.78 and a beta of 0.62. Securitize has a 12-month low of $5.14 and a 12-month high of $17.01.

Wall Street Analyst Weigh In

SECZ has been the topic of several research reports. Zacks Research raised shares of Securitize to a “hold” rating in a research report on Tuesday, September 22nd. Citizens Jmp upped their price target on shares of Securitize from $15.00 to $17.00 and gave the company a “market outperform” rating in a research note on Friday, October 9th. Rosenblatt Securities raised their price objective on shares of Securitize from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, September 21st. Wall Street Zen downgraded shares of Securitize to a “strong sell” rating in a report on Saturday, September 5th. Finally, Benchmark reduced their price objective on shares of Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.37.

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.