Securitize (NYSE:SECZ) Earns Outperform Rating from Analysts at Citizens Jmp

Equities research analysts at Citizens Jmp initiated coverage on shares of Securitize (NYSE:SECZ) in a research report issued to clients and investors on Tuesday. The brokerage set an “outperform” rating and a $15.00 price target on the stock. Citizens Jmp’s price objective would suggest a potential upside of 118.02% from the stock’s current price.

Several other research analysts have also recently issued reports on SECZ. Rosenblatt Securities began coverage on shares of Securitize in a report on Wednesday, July 15th. They issued a “buy” rating and a $14.00 target price for the company. Citigroup began coverage on Securitize in a report on Tuesday. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $13.00.

Securitize Trading Down 10.8%

Shares of NYSE SECZ opened at $6.88 on Tuesday. The stock has a market cap of $210.39 million, a PE ratio of -62.55 and a beta of 1.48. Securitize has a fifty-two week low of $6.04 and a fifty-two week high of $13.70.

About Securitize

Securitize is a financial technology company that provides a platform for issuing, managing, and trading tokenized securities and other digital assets. The company focuses on helping issuers digitize assets on blockchain-based infrastructure while giving investors and intermediaries tools to support compliance, transferability, and recordkeeping.

Its products and services are designed for use across the lifecycle of digital securities, including issuance, investor onboarding, cap table and ownership management, and secondary trading support through regulated market infrastructure.