Securitize (NYSE:SECZ) Shares Gap Up – Here’s What Happened

Securitize Holdings (NYSE:SECZ)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $7.77, but opened at $8.34. Securitize shares last traded at $9.3080, with a volume of 1,105,560 shares traded.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SECZ shares. Citizens Jmp started coverage on shares of Securitize in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 price target for the company. Citigroup began coverage on shares of Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating for the company. Benchmark lowered their target price on shares of Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Wall Street Zen cut shares of Securitize to a “strong sell” rating in a research report on Saturday, September 5th. Finally, Needham & Company LLC initiated coverage on shares of Securitize in a report on Tuesday, September 8th. They set a “buy” rating and a $11.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $11.40.

Securitize Trading Up 23.6%

The business has a fifty day moving average price of $7.08. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -3.81 and a beta of 1.45.

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

About Securitize

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.