Securitize Target of Unusually High Options Trading (NYSE:SECZ)

Securitize Holdings (NYSE:SECZ) was the target of unusually large options trading on Thursday. Traders purchased 3,354 call options on the stock. This represents an increase of approximately 189% compared to the typical daily volume of 1,160 call options.

Analyst Upgrades and Downgrades

SECZ has been the subject of several analyst reports. Citigroup assumed coverage on Securitize in a research note on Tuesday, August 11th. They issued an “outperform” rating for the company. Citizens Jmp began coverage on Securitize in a research note on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 price target on the stock. Wall Street Zen cut Securitize to a “strong sell” rating in a report on Saturday, September 5th. Rosenblatt Securities dropped their price objective on shares of Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Finally, Benchmark cut their price objective on shares of Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $11.40.

Securitize Trading Up 22.3%

Shares of Securitize stock opened at $10.92 on Friday. Securitize has a twelve month low of $5.14 and a twelve month high of $13.70. The stock has a market cap of $1.78 billion, a PE ratio of -4.40 and a beta of 1.45. The business’s fifty day simple moving average is $7.20.

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

Securitize Company Profile

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities on blockchain networks. Its platform enables companies and investment managers to tokenize assets such as private-company shares, private funds, credit products and other real-world assets, while supporting compliance and investor onboarding.

The company offers services including digital securities issuance, transfer-agent and fund-administration capabilities, a marketplace for certain tokenized assets, and investment products through its Securitize Capital business.