Securitize (NYSE:SECZ) Downgraded by Citigroup to "Neutral"

Key Points

• Citigroup downgraded Securitize from “Buy” to “Neutral” while maintaining a $14 price target, implying 18.37% upside from the previous close.
• Analyst sentiment remains mixed but leans positive: Securitize has a consensus “Moderate Buy” rating and an average price target of $14.37, based on five Buy, two Hold, and one Sell rating.
• Securitize reported a quarterly loss of $2.37 per share on $14.44 million in revenue, and analysts expect a full-year loss of $0.81 per share.

Securitize (NYSE:SECZ - Get Free Report) was downgraded by equities research analysts at Citigroup from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They currently have a $14.00 price objective on the stock. Citigroup's price target points to a potential upside of 18.37% from the company's previous close.

A number of other brokerages also recently issued reports on SECZ. Wall Street Zen downgraded Securitize to a "strong sell" rating in a research note on Saturday, September 5th. Benchmark decreased their price objective on Securitize from $16.00 to $10.00 and set a "buy" rating for the company in a report on Monday, August 17th. Needham & Company LLC started coverage on Securitize in a research note on Tuesday, September 8th. They issued a "buy" rating and a $11.00 price objective on the stock. Zacks Research raised Securitize to a "hold" rating in a report on Tuesday, September 22nd. Finally, Cantor Fitzgerald assumed coverage on Securitize in a research report on Monday, September 21st. They issued an "overweight" rating and a $21.20 price target for the company. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $14.37.

Securitize Price Performance

Shares of NYSE SECZ opened at $11.83 on Tuesday. Securitize has a twelve month low of $5.14 and a twelve month high of $17.01. The business has a 50 day simple moving average of $9.30. The stock has a market cap of $1.93 billion, a P/E ratio of -4.77 and a beta of -0.13.

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 company had revenue of $14.44 million during the quarter. Research analysts expect that Securitize will post -0.81 earnings per share for the current fiscal year.

About Securitize

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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