Securitize (NYSE:SECZ) Stock Falls 8.9% – Should You Sell?

Shares of Securitize Holdings (NYSE:SECZ) fell 8.9% during trading on Friday. The stock traded as low as $15.15 and last traded at $15.0580. 1,149,254 shares were traded during mid-day trading, a decline of 55% from the average session volume of 2,557,503 shares. The stock had previously closed at $16.53.

Analyst Upgrades and Downgrades

SECZ has been the subject of several recent research reports. Citigroup assumed coverage on shares of Securitize in a report on Tuesday, August 11th. They set an “outperform” rating for the company. Citizens Jmp started coverage on Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price target on the stock. Rosenblatt Securities boosted their price objective on Securitize from $11.00 to $13.00 and gave the company a “buy” rating in a report on Monday. Cantor Fitzgerald initiated coverage on Securitize in a research note on Monday. They issued an “overweight” rating and a $21.20 target price on the stock. Finally, Wall Street Zen lowered Securitize to a “strong sell” rating in a report on Saturday, September 5th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.37.

Securitize Price Performance

The stock has a market capitalization of $2.51 billion, a PE ratio of -6.19 and a beta of 1.45. The business has a fifty day simple moving average of $7.73.

Securitize (NYSE:SECZ) last posted its 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. Equities analysts forecast that Securitize Holdings will post -0.81 earnings per share for the current fiscal year.

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.