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

Securitize Holdings (NYSE:SECZ) was the recipient of some unusual options trading on Thursday. Investors bought 3,354 call options on the company. This is an increase of 189% compared to the average volume of 1,160 call options.

Securitize Trading Up 21.0%

Shares of NYSE:SECZ traded up $1.63 during midday trading on Thursday, hitting $9.40. 3,096,248 shares of the company’s stock were exchanged, compared to its average volume of 1,760,683. Securitize has a 12 month low of $5.14 and a 12 month high of $13.70. The stock has a market cap of $1.53 billion, a P/E ratio of -3.77 and a beta of 1.45. The business’s 50 day moving average price is $7.08.

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

Wall Street Analysts Forecast Growth

SECZ has been the topic of several analyst reports. Rosenblatt Securities reduced their target price on Securitize from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Benchmark lowered their target price on Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 17th. 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. Citigroup began coverage on shares of Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating for the company. Finally, Wall Street Zen lowered shares of Securitize to a “strong sell” rating in a research note on Saturday, September 5th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $11.40.

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.