Securitize (NYSE:SECZ) Shares Up 7.4% – Here’s Why

Shares of Securitize Holdings (NYSE:SECZ) rose 7.4% during mid-day trading on Monday . The company traded as high as $6.50 and last traded at $6.5860. Approximately 465,704 shares were traded during trading, a decline of 73% from the average session volume of 1,742,145 shares. The stock had previously closed at $6.13.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Citigroup started coverage on Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating for the company. Benchmark dropped their target price on Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Citizens Jmp started coverage on Securitize in a research note on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, Rosenblatt Securities reduced their price target on Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Securitize currently has an average rating of “Buy” and a consensus price target of $11.50.

Securitize Stock Performance

The company has a market cap of $1.09 billion, a PE ratio of -2.70 and a beta of 1.46.

Securitize (NYSE:SECZ) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($2.37) 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.