Securitize (NYSE:SECZ – Get Free Report) posted its earnings results on Wednesday. The company reported ($2.37) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $14.44 million for the quarter.
Securitize Price Performance
Shares of Securitize stock traded down $1.58 during trading hours on Thursday, hitting $6.28. 2,646,540 shares of the company’s stock traded hands, compared to its average volume of 1,453,570. Securitize has a twelve month low of $5.75 and a twelve month high of $13.70. The company has a market capitalization of $192.04 million, a PE ratio of -57.41 and a beta of 1.46.
Analysts Set New Price Targets
A number of brokerages recently weighed in on SECZ. Citizens Jmp assumed coverage on shares of Securitize in a research report on Tuesday. They set an “outperform” rating and a $15.00 price target for the company. Rosenblatt Securities started coverage on Securitize in a research report on Wednesday, July 15th. They issued a “buy” rating and a $14.00 target price for the company. Finally, Citigroup began coverage on Securitize in a report on Tuesday. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Securitize presently has an average rating of “Buy” and an average target price of $13.00.
Securitize Company Profile
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.
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