Securitize (NYSE:SECZ) Releases Earnings Results

Securitize (NYSE:SECZ) issued its quarterly earnings data on Monday. The company reported ($0.41) earnings per share for the quarter, Zacks reports.

Securitize Price Performance

SECZ traded down $0.07 during midday trading on Monday, reaching $6.89. The company’s stock had a trading volume of 2,141,187 shares, compared to its average volume of 2,795,725. Securitize has a 1 year low of $5.14 and a 1 year high of $17.01. The company’s 50-day simple moving average is $10.03. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -2.78 and a beta of 0.62.

Analysts Set New Price Targets

A number of research firms recently issued reports on SECZ. Wall Street Zen lowered Securitize to a “strong sell” rating in a research note on Saturday, September 5th. Citizens Jmp increased their price target on shares of Securitize from $15.00 to $17.00 and gave the company a “market outperform” rating in a research report on Friday, October 9th. Zacks Research upgraded Securitize to a “hold” rating in a report on Tuesday, September 22nd. Cantor Fitzgerald started coverage on Securitize in a research note on Monday, September 21st. They set an “overweight” rating and a $21.20 price objective for the company. Finally, Needham & Company LLC initiated coverage on shares of Securitize in a report on Tuesday, September 8th. They issued a “buy” rating and a $11.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.37.

Securitize Company Profile

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.