Securitize (NYSE:SECZ) Releases Earnings Results

Securitize (NYSE:SECZ) posted its quarterly earnings data on Wednesday. The company reported ($2.37) earnings per share for the quarter, Zacks reports. The firm had revenue of $14.44 million during the quarter.

Securitize Trading Down 1.7%

Shares of NYSE SECZ traded down $0.10 during trading hours on Friday, hitting $5.61. The company had a trading volume of 2,820,305 shares, compared to its average volume of 1,631,014. Securitize has a 1-year low of $5.17 and a 1-year high of $13.70. The company has a market cap of $171.40 million, a PE ratio of -51.32 and a beta of 1.46.

Wall Street Analysts Forecast Growth

SECZ has been the topic of several research reports. Citizens Jmp initiated coverage on Securitize in a research note on Tuesday. They issued an “outperform” rating and a $15.00 target price on the stock. Citigroup began coverage on shares of Securitize in a research note on Tuesday. They set an “outperform” rating for the company. Finally, Rosenblatt Securities decreased their target price on shares of Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $12.00.

Securitize Company Profile

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.