Securitize (NYSE:SECZ) Shares Down 5.4% – Should You Sell?

Shares of Securitize Holdings (NYSE:SECZ) were down 5.4% during trading on Thursday. The company traded as low as $13.80 and last traded at $13.8030. 801,595 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 2,684,222 shares. The stock had previously closed at $14.59.

Analyst Ratings Changes

Several research analysts have recently weighed in on SECZ shares. Needham & Company LLC assumed coverage on Securitize in a report on Tuesday, September 8th. They set a “buy” rating and a $11.00 target price on the stock. Benchmark cut their price target on Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 17th. Wall Street Zen downgraded Securitize to a “strong sell” rating in a research report on Saturday, September 5th. Citizens Jmp started coverage on Securitize in a research note on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Citigroup began coverage on Securitize in a report on Tuesday, August 11th. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.37.

Securitize Trading Down 5.7%

The stock has a market capitalization of $2.25 billion, a P/E ratio of -5.54 and a beta of 1.45. The business’s 50-day moving average is $8.41.

Securitize (NYSE:SECZ) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The firm had revenue of $14.44 million during the quarter. As a group, equities research analysts predict that Securitize Holdings will post -0.81 EPS for the current fiscal year.

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.