Securitize (NYSE:SECZ) Sees Large Volume Increase – Here’s Why

Securitize Holdings (NYSE:SECZ) saw unusually-high trading volume on Thursday. Approximately 3,016,454 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 2,764,251 shares. The stock last traded at $12.4590 and had previously closed at $11.40.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Cantor Fitzgerald started coverage on Securitize in a research note on Monday, September 21st. They set an “overweight” rating and a $21.20 price target for the company. Zacks Research raised shares of Securitize to a “hold” rating in a research note on Tuesday, September 22nd. Wall Street Zen downgraded shares of Securitize to a “strong sell” rating in a report on Saturday, September 5th. Weiss Ratings started coverage on shares of Securitize in a research report on Friday, September 25th. They set a “sell (d-)” rating for the company. Finally, Citigroup started coverage on shares of Securitize in a report on Tuesday, August 11th. They issued an “outperform” rating on the stock. 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.37.

Securitize Trading Up 7.2%

The stock has a 50-day moving average of $8.95. The firm has a market capitalization of $1.99 billion, a PE ratio of -4.92 and a beta of -0.13.

Securitize (NYSE:SECZ) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share for the quarter. The company had revenue of $14.44 million for the quarter. Analysts forecast that Securitize Holdings will post -0.81 EPS for the current year.

About Securitize

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities. Its platform uses blockchain technology to represent ownership interests in assets such as private-company shares, private credit, real estate and investment funds as digital tokens.

The company offers services for issuers, investors and financial institutions, including digital securities issuance, investor onboarding, compliance administration, transfer-agent services and secondary-market trading.