Securitize (NYSE:SECZ) Shares Climb 9.1% – What’s Next?

Securitize Holdings (NYSE:SECZ) shares rose 9.1% on Tuesday. The stock traded as high as $7.93 and last traded at $7.8990. 209,357 shares traded hands during trading, a decline of 93% from the average daily volume of 2,826,417 shares. The stock had previously closed at $7.24.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SECZ. Zacks Research upgraded shares of Securitize to a “hold” rating in a research report on Tuesday, September 22nd. Rosenblatt Securities upped their price target on Securitize from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, September 21st. Cantor Fitzgerald started coverage on Securitize in a report on Monday, September 21st. They issued an “overweight” rating and a $21.20 price target on the stock. Weiss Ratings initiated coverage on Securitize in a research note on Friday, September 25th. They issued a “sell (d-)” rating for the company. Finally, Citigroup cut Securitize from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $10.00 to $14.00 in a report on Tuesday, October 13th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.37.

Securitize Price Performance

The company’s 50-day simple moving average is $10.01. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -2.95 and a beta of 0.61.

Securitize (NYSE:SECZ) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The company had revenue of $14.44 million during the quarter. On average, research analysts predict that Securitize Holdings will post -0.81 EPS for the current year.

Institutional Investors Weigh In On Securitize

A hedge fund recently bought a new position in Securitize stock. Brighton Jones LLC acquired a new stake in Securitize Holdings (NYSE:SECZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the company’s stock, valued at approximately $146,000.

About Securitize

Securitize is a financial technology company focused on the issuance, management and trading of tokenized securities and other real-world assets. Its platform uses blockchain technology to create digital representations of assets such as private company shares, investment funds, credit products and real estate interests.

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