Securitize (NYSE:SECZ – Get Free Report) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, Marketbeat reports. They currently have a $14.00 price target on the stock. Citigroup’s price objective suggests a potential upside of 18.37% from the stock’s previous close.
Several other equities analysts also recently weighed in on SECZ. Wall Street Zen downgraded Securitize to a “strong sell” rating in a report on Saturday, September 5th. Needham & Company LLC began coverage on shares of Securitize in a research report on Tuesday, September 8th. They issued a “buy” rating and a $11.00 target price for the company. Zacks Research raised shares of Securitize to a “hold” rating in a research note on Tuesday, September 22nd. Benchmark lowered their target price on shares of Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, Citizens Jmp raised their target price on shares of Securitize from $15.00 to $17.00 and gave the stock a “market outperform” rating in a report on Friday. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.37.
View Our Latest Report on Securitize
Securitize Stock Down 14.4%
Securitize (NYSE:SECZ – Get Free Report) last released its 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. Research analysts expect that Securitize will post -0.81 EPS for the current year.
Securitize Company Profile
Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities. Its platform uses blockchain technology to represent ownership interests in assets such as private-company shares, private credit, real estate and investment funds as digital tokens.
The company offers services for issuers, investors and financial institutions, including digital securities issuance, investor onboarding, compliance administration, transfer-agent services and secondary-market trading.
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