Securitize (NYSE:SECZ) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Securitize (NYSE:SECZ) to a strong sell rating in a report published on Saturday,Wall Street Zen reports.

SECZ has been the topic of a number of other research reports. Citigroup initiated coverage on Securitize in a research note on Tuesday, August 11th. They set an “outperform” rating on the stock. Benchmark decreased their price target on Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Citizens Jmp assumed coverage on Securitize in a report on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price objective for the company. Finally, Rosenblatt Securities cut their price objective on Securitize from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $11.50.

Securitize Stock Up 0.3%

NYSE SECZ opened at $7.44 on Friday. Securitize has a 52 week low of $5.14 and a 52 week high of $13.70. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -3.00 and a beta of 1.45.

Securitize (NYSE:SECZ) last released its earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share (EPS) for the quarter. The firm 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.