Securitize (NYSE:SECZ) Price Target Raised to $13.00

Securitize (NYSE:SECZ – Free Report) had its target price hoisted by Needham & Company LLC from $11.00 to $13.00 in a research note published on Tuesday morning, MarketBeat reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on SECZ. Citigroup raised Securitize from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday. Weiss Ratings initiated coverage on Securitize in a report on Friday, September 25th. They issued a “sell (d-)” rating for the company. Rosenblatt Securities dropped their price objective on Securitize from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday. Benchmark cut their target price on Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Finally, Wall Street Zen lowered Securitize to a “strong sell” rating in a report on Saturday, September 5th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.53.

Get Our Latest Stock Report on Securitize

Securitize Trading Down 7.4%

Shares of NYSE:SECZ opened at $8.39 on Tuesday. The stock’s 50 day simple moving average is $10.18. Securitize has a 12-month low of $5.14 and a 12-month high of $17.01.

Securitize (NYSE:SECZ – Get Free Report) last announced its earnings results on Monday, November 9th. The company reported ($0.41) EPS for the quarter. The firm had revenue of $18.61 million for the quarter. Equities analysts expect that Securitize will post -0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Securitize

A number of large investors have recently modified their holdings of SECZ. State Street Corp bought a new position in shares of Securitize in the 3rd quarter valued at $10,050,000. Voya Investment Management LLC acquired a new position in shares of Securitize during the 3rd quarter worth $1,336,000. Western Wealth Management LLC bought a new stake in shares of Securitize during the 3rd quarter worth $210,000. Harbour Investments Inc. bought a new stake in shares of Securitize during the 3rd quarter worth $201,000. Finally, Money Concepts Capital Corp bought a new stake in shares of Securitize during the 3rd quarter worth $245,000.

Securitize News Roundup

These are some of the SECZ news items that stood out recently:

Securitize Company Profile

(Get Free Report)

Securitize provides technology and regulated financial services for issuing and managing digital securities on blockchain networks. Its platform supports the tokenization of assets such as private fund interests and other securities, along with investor onboarding, compliance, recordkeeping and related lifecycle services. The company also offers infrastructure for secondary trading of digital securities through regulated entities, including broker-dealer and alternative trading system services. Founded in 2017, Securitize has worked with asset managers and financial institutions seeking to bring investment products onto blockchain-based systems.

Further Reading

Analyst Recommendations for Securitize (NYSE:SECZ)

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