Securitize Target of Unusually High Options Trading (NYSE:SECZ)

Securitize Holdings (NYSE:SECZ) saw some unusual options trading activity on Thursday. Investors bought 3,354 call options on the stock. This represents an increase of approximately 189% compared to the typical volume of 1,160 call options.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SECZ. Benchmark cut their price target 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. Citigroup started coverage on shares of Securitize in a research note on Tuesday, August 11th. They issued an “outperform” rating for the company. Wall Street Zen cut shares of Securitize to a “strong sell” rating in a research report on Saturday, September 5th. Citizens Jmp began 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, Needham & Company LLC initiated coverage on Securitize in a report on Tuesday, September 8th. They issued a “buy” rating and a $11.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $11.40.

Securitize Stock Performance

Securitize stock traded up $1.63 during trading on Thursday, hitting $9.40. The stock had a trading volume of 3,096,248 shares, compared to its average volume of 1,760,683. Securitize has a 1 year low of $5.14 and a 1 year high of $13.70. The company’s 50 day moving average price is $7.08. The firm has a market cap of $1.53 billion, a PE ratio of -3.77 and a beta of 1.45.

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

Securitize Company Profile

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.