Securitize (NYSE:SECZ) Shares Gap Up – What’s Next?

Shares of Securitize Holdings (NYSE:SECZ) gapped up prior to trading on Thursday. The stock had previously closed at $14.36, but opened at $14.67. Securitize shares last traded at $15.3880, with a volume of 2,271,223 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Rosenblatt Securities boosted their price target on Securitize from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, September 21st. Benchmark reduced their price objective on Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Cantor Fitzgerald assumed coverage on Securitize in a research report on Monday, September 21st. They issued an “overweight” rating and a $21.20 target price on the stock. Citizens Jmp assumed coverage on Securitize in a research note on Tuesday, August 11th. They set an “outperform” rating and a $15.00 target price for the company. Finally, Citigroup assumed coverage on shares of Securitize in a report on Tuesday, August 11th. They issued an “outperform” rating for the company. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Securitize has an average rating of “Moderate Buy” and a consensus price target of $13.37.

Securitize Stock Down 4.0%

The stock has a market cap of $2.59 billion, a P/E ratio of -6.40 and a beta of 1.45. The firm’s 50 day simple moving average is $7.90.

Securitize (NYSE:SECZ) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($2.37) earnings per share for the quarter. The company had revenue of $14.44 million during the quarter. As a group, research analysts forecast that Securitize Holdings will post -0.81 EPS for the current fiscal year.

Securitize Company Profile

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.