Securitize Holdings (NYSE:SECZ) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Securitize Holdings (NYSE:SECZ) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $13.37.

A number of research analysts have weighed in on the stock. Benchmark cut their price objective on shares of Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Wall Street Zen cut shares of Securitize to a “strong sell” rating in a research note on Saturday, September 5th. Zacks Research upgraded shares of Securitize to a “hold” rating in a report on Tuesday, September 22nd. Cantor Fitzgerald initiated coverage on shares of Securitize in a research report on Monday, September 21st. They issued an “overweight” rating and a $21.20 price objective on the stock. Finally, Needham & Company LLC assumed coverage on shares of Securitize in a research note on Tuesday, September 8th. They issued a “buy” rating and a $11.00 price objective for the company.

Securitize Trading Down 5.8%

Shares of Securitize stock opened at $12.94 on Friday. The stock has a market cap of $2.11 billion, a PE ratio of -5.22 and a beta of -0.20. The business has a 50 day moving average of $8.64. Securitize has a one year low of $5.14 and a one year high of $17.01.

Securitize (NYSE:SECZ) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share for the quarter. The company had revenue of $14.44 million during the quarter. Equities analysts expect that Securitize will post -0.81 EPS for the current year.

About Securitize

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities. Its platform uses blockchain technology to represent ownership interests in assets such as private-company shares, private credit, real estate and investment funds as digital tokens.

The company offers services for issuers, investors and financial institutions, including digital securities issuance, investor onboarding, compliance administration, transfer-agent services and secondary-market trading.