Securitize (NYSE:SECZ – Get Free Report) was downgraded by stock analysts at Wall Street Zen to a “strong sell” rating in a report issued on Saturday, Wall Street Zen reports.
A number of other equities research analysts have also recently issued reports on the company. Citizens Jmp began coverage on Securitize in a research note on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 price objective on the stock. Rosenblatt Securities reduced their target price on shares of Securitize from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Citigroup began coverage on shares of Securitize in a research report on Tuesday, August 11th. They issued an “outperform” rating on the stock. Finally, Benchmark dropped their price target on shares of Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $11.50.
Read Our Latest Research Report on SECZ
Securitize Price Performance
Securitize (NYSE:SECZ – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The firm had revenue of $14.44 million during the quarter.
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.
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