Equities research analysts at Cantor Fitzgerald initiated coverage on shares of Securitize (NYSE:SECZ – Get Free Report) in a research report issued on Monday, MarketBeat reports. The firm set an “overweight” rating and a $21.20 price target on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 94.14% from the stock’s previous close.
Several other brokerages also recently weighed in on SECZ. Rosenblatt Securities cut their target price on Securitize from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Citigroup started coverage on Securitize in a research note on Tuesday, August 11th. They issued an “outperform” rating for the company. Wall Street Zen lowered Securitize to a “strong sell” rating in a report on Saturday, September 5th. Needham & Company LLC initiated coverage on shares of Securitize in a research note on Tuesday, September 8th. They set a “buy” rating and a $11.00 price objective on the stock. Finally, Citizens Jmp initiated coverage on shares of Securitize in a report on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Securitize has a consensus rating of “Buy” and an average price target of $13.03.
Get Our Latest Stock Analysis on SECZ
Securitize Trading Up 0.6%
NYSE SECZ opened at $10.92 on Monday. The stock has a 50-day moving average price of $7.20. Securitize has a 52 week low of $5.14 and a 52 week high of $13.70. The company has a market cap of $1.78 billion, a PE ratio of -4.40 and a beta of 1.45.
Securitize (NYSE:SECZ – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share for the quarter. The firm 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.
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