Securitize (NYSE:SECZ) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Securitize (NYSE:SECZ) to a hold rating in a research report released on Tuesday,Zacks reports.

Several other research firms have also recently commented on SECZ. Citigroup started coverage on Securitize in a research note on Tuesday, August 11th. They set an “outperform” rating for the company. Rosenblatt Securities increased their price target on Securitize from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Monday. Citizens Jmp assumed coverage on shares of Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price objective for the company. Cantor Fitzgerald began coverage on shares of Securitize in a research report on Monday. They set an “overweight” rating and a $21.20 price objective for the company. Finally, Needham & Company LLC started coverage on shares of Securitize in a research note on Tuesday, September 8th. They issued a “buy” rating and a $11.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Securitize currently has an average rating of “Moderate Buy” and a consensus target price of $13.37.

Securitize Trading Up 10.0%

SECZ stock opened at $14.29 on Tuesday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of -5.76 and a beta of 1.45. The firm has a fifty day moving average price of $7.56. Securitize has a 12-month low of $5.14 and a 12-month high of $14.87.

Securitize (NYSE:SECZ) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share for the quarter. The business had revenue of $14.44 million during the quarter. Equities analysts anticipate that Securitize will post -0.81 earnings per share for the current year.

More Securitize News

Here are the key news stories impacting Securitize this week:

• Positive Sentiment: The New York Stock Exchange’s expansion of plans for tokenized stocks strengthened the outlook for Securitize’s platform and reinforced expectations that blockchain-based trading could become more widely adopted. Securitize Hits New High as NYSE Expands Tokenized Stock Plans
• Positive Sentiment: Recent Securities and Exchange Commission developments reportedly provided a “go signal” for tokenized securities trading, boosting confidence in Securitize’s regulatory positioning and growth prospects. Securitize Climbs to All-Time High on Tokenized Securities Go-Signal
• Positive Sentiment: Cantor Fitzgerald initiated coverage with an Overweight rating and a $21.20 price target, citing Securitize’s early position in the tokenization of traditional financial assets. The bullish target encouraged additional buying. Cantor Fitzgerald Sees Big Upside in Securitize
• Positive Sentiment: The broader cryptocurrency rally and optimistic Wall Street estimates added momentum, while inclusion in the S&P Total Market Index could increase visibility and potentially support index-related demand. Securitize Added to S&P TMI Index

Securitize Company Profile

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities on blockchain networks. Its platform enables companies and investment managers to tokenize assets such as private-company shares, private funds, credit products and other real-world assets, while supporting compliance and investor onboarding.

The company offers services including digital securities issuance, transfer-agent and fund-administration capabilities, a marketplace for certain tokenized assets, and investment products through its Securitize Capital business.