Securitize (NYSE:SECZ) Stock Price Up 8.4% – What’s Next?

Securitize Holdings (NYSE:SECZ) shot up 8.4% during mid-day trading on Thursday . The stock traded as high as $7.08 and last traded at $7.06. 895,299 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 1,707,255 shares. The stock had previously closed at $6.51.

Analysts Set New Price Targets

Several research firms have recently weighed in on SECZ. Benchmark decreased their price target on shares of Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Wall Street Zen downgraded Securitize to a “strong sell” rating in a research report on Saturday. Rosenblatt Securities cut their price objective on Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 14th. Citizens Jmp started coverage on shares of Securitize in a research note on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, Citigroup initiated coverage on shares of Securitize in a research note on Tuesday, August 11th. They issued an “outperform” rating for the company. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $11.50.

Securitize Trading Up 4.8%

The stock has a market capitalization of $1.21 billion, a P/E ratio of -3.00 and a beta of 1.45.

Securitize (NYSE:SECZ) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The firm had revenue of $14.44 million during the quarter.

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.