Benchmark Cuts Securitize (NYSE:SECZ) Price Target to $10.00

Securitize (NYSE:SECZ) had its target price lowered by Benchmark from $16.00 to $10.00 in a research report sent to investors on Monday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on SECZ. Citigroup assumed coverage on Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating on the stock. 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 target on the stock. Finally, Rosenblatt Securities cut their price objective on shares of Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Securitize currently has an average rating of “Buy” and an average target price of $11.50.

Securitize Price Performance

Shares of NYSE SECZ opened at $6.04 on Monday. The firm has a market capitalization of $184.64 million, a PE ratio of -54.89 and a beta of 1.46. Securitize has a fifty-two week low of $5.14 and a fifty-two week high of $13.70.

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