Securitize (NYSE:SECZ) Shares Gap Up – Here’s What Happened

Securitize Holdings (NYSE:SECZ) shares gapped up before the market opened on Thursday . The stock had previously closed at $7.77, but opened at $8.34. Securitize shares last traded at $9.3080, with a volume of 1,105,560 shares traded.

Analyst Ratings Changes

Several analysts have weighed in on the company. Rosenblatt Securities lowered their price objective on Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Needham & Company LLC began coverage on shares of Securitize in a report on Tuesday, September 8th. They issued a “buy” rating and a $11.00 target price on the stock. Wall Street Zen downgraded shares of Securitize to a “strong sell” rating in a research note on Saturday, September 5th. Citigroup began coverage on shares of Securitize in a report on Tuesday, August 11th. They set an “outperform” rating for the company. Finally, Citizens Jmp started coverage on shares of Securitize in a report on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 price target on the stock. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Securitize presently has a consensus rating of “Buy” and a consensus target price of $11.40.

Securitize Price Performance

The stock has a 50 day moving average price of $7.08. The company has a market capitalization of $1.57 billion, a P/E ratio of -3.81 and a beta of 1.45.

Securitize (NYSE:SECZ) last posted its earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share for the quarter. The business had revenue of $14.44 million during the quarter.

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.