Securitize (NYSE:SECZ) Releases Earnings Results

Securitize (NYSE:SECZ) issued its earnings results on Wednesday. The company reported ($2.37) earnings per share for the quarter, Zacks reports.

Securitize Price Performance

SECZ traded up $0.57 during mid-day trading on Wednesday, reaching $7.96. 2,357,405 shares of the stock were exchanged, compared to its average volume of 1,398,666. Securitize has a 1 year low of $6.04 and a 1 year high of $13.70. The company has a market capitalization of $243.42 million, a price-to-earnings ratio of -72.36 and a beta of 1.46.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SECZ shares. Citigroup assumed coverage on shares of Securitize in a research report on Tuesday. They issued an “outperform” rating for the company. Citizens Jmp began coverage on shares of Securitize in a report on Tuesday. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Rosenblatt Securities assumed coverage on shares of Securitize in a research note on Wednesday, July 15th. They issued a “buy” rating and a $14.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $13.00.

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.