Securitize (NYSE:SECZ) Raised to Hold at Zacks Research

Securitize (NYSE:SECZ) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report issued on Tuesday, Zacks reports.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Securitize to a “strong sell” rating in a research note on Saturday, September 5th. Rosenblatt Securities increased their price target on Securitize from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Monday. Citizens Jmp initiated coverage on Securitize in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 price target on the stock. Needham & Company LLC started coverage on Securitize in a report on Tuesday, September 8th. They issued a “buy” rating and a $11.00 price objective for the company. Finally, Benchmark cut their target price on Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Securitize presently has an average rating of “Moderate Buy” and a consensus price target of $13.37.

Securitize Stock Up 10.0%

Shares of SECZ stock opened at $14.29 on Tuesday. The business’s fifty day simple moving average is $7.56. Securitize has a 52 week low of $5.14 and a 52 week high of $14.87. The company has a market capitalization of $2.33 billion, a PE ratio of -5.76 and a beta of 1.45.

Securitize (NYSE:SECZ) last issued 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 for the quarter. Equities research analysts forecast 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

About Securitize

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.