Securitize (NYSE:SECZ) Issues Quarterly Earnings Results

Securitize (NYSE:SECZ) issued its earnings results on Monday. The company reported ($0.41) EPS for the quarter, Zacks reports.

Securitize Price Performance

Shares of SECZ traded down $0.07 during midday trading on Monday, reaching $6.89. 2,141,187 shares of the stock were exchanged, compared to its average volume of 2,795,725. The firm has a 50 day moving average price of $10.03. The company has a market capitalization of $1.13 billion, a P/E ratio of -2.78 and a beta of 0.62. Securitize has a 52 week low of $5.14 and a 52 week high of $17.01.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SECZ shares. Wall Street Zen cut shares of Securitize to a “strong sell” rating in a report on Saturday, September 5th. Weiss Ratings assumed coverage on shares of Securitize in a report on Friday, September 25th. They issued a “sell (d-)” rating on the stock. Citigroup cut Securitize from a “buy” rating to a “neutral” rating and upped their price objective for the company from $10.00 to $14.00 in a research report on Tuesday, October 13th. Benchmark dropped 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. Finally, Citizens Jmp upped their target price on shares of Securitize from $15.00 to $17.00 and gave the company a “market outperform” rating in a report on Friday, October 9th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Securitize currently has a consensus rating of “Moderate Buy” and an average target price of $14.37.

About Securitize

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.