Securitize Holdings (NYSE:SECZ) Receives Average Recommendation of “Buy” from Brokerages

Securitize Holdings (NYSE:SECZ) has earned a consensus rating of “Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $11.40.

SECZ has been the topic of several research reports. Wall Street Zen cut Securitize to a “strong sell” rating in a report on Saturday. Benchmark decreased their price objective on Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Citigroup initiated coverage on shares of Securitize in a report on Tuesday, August 11th. They issued an “outperform” rating for the company. Citizens Jmp assumed coverage on shares of Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price objective for the company. Finally, Rosenblatt Securities decreased their target price on shares of Securitize from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 14th.

Securitize Trading Up 0.3%

SECZ stock opened at $7.44 on Tuesday. Securitize has a one year low of $5.14 and a one year high of $13.70. The firm has a market capitalization of $1.21 billion, a PE ratio of -3.00 and a beta of 1.45.

Securitize (NYSE:SECZ) last posted its earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share for the quarter. The company had revenue of $14.44 million for the quarter.

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.