Securitize Holdings (NYSE:SECZ) Stock Has Average Price Target of $14.37 According to Analysts

Shares of Securitize Holdings (NYSE:SECZ) have received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $14.37.

Several equities analysts have issued reports on the stock. Wall Street Zen lowered shares of Securitize to a “strong sell” rating in a report on Saturday, September 5th. Citigroup cut Securitize from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $10.00 to $14.00 in a research report on Tuesday, October 13th. Cantor Fitzgerald began coverage on Securitize in a research note on Monday, September 21st. They set an “overweight” rating and a $21.20 target price on the stock. Rosenblatt Securities upped their target price on Securitize from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, September 21st. Finally, Benchmark reduced their target price on Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 17th.

Securitize Trading Up 7.1%

NYSE:SECZ opened at $8.13 on Wednesday. The firm has a 50-day moving average price of $9.82. Securitize has a fifty-two week low of $5.14 and a fifty-two week high of $17.01.

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

Securitize Company Profile

Securitize is a financial technology company focused on the issuance, management and trading of tokenized securities and other real-world assets. Its platform uses blockchain technology to create digital representations of assets such as private company shares, investment funds, credit products and real estate interests.

The company provides infrastructure and services for issuers, investors and financial institutions, including digital securities issuance, investor onboarding, compliance, transfer agency, fund administration and secondary-market trading.