Securitize (NYSE:SECZ) Price Target Lowered to $11.00 at Rosenblatt Securities

Securitize (NYSE:SECZ) had its price target reduced by Rosenblatt Securities from $14.00 to $11.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on SECZ. Citizens Jmp initiated coverage on shares of Securitize in a research report on Tuesday. They issued an “outperform” rating and a $15.00 price objective for the company. Citigroup started coverage on Securitize in a research report on Tuesday. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $12.00.

Securitize Price Performance

Shares of NYSE:SECZ opened at $5.61 on Friday. Securitize has a twelve month low of $5.17 and a twelve month high of $13.70. The firm has a market capitalization of $171.40 million, a PE ratio of -50.95 and a beta of 1.46.

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 company had revenue of $14.44 million for the quarter.

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.