Securitize (NYSE:SECZ) Upgraded to Hold at Zacks Research

Key Points

• Zacks Research upgraded Securitize to “Hold,” while the broader analyst consensus remains “Moderate Buy,” with six Buy ratings and one Hold rating and an average price target of $13.37.
• Analyst views are mixed but generally bullish: Cantor Fitzgerald set an Overweight rating and $21.20 target, while other targets range from $10 to $15; Wall Street Zen issued a Strong Sell rating.
• Securitize shares rose 10% to open at $14.29, near their 52-week high of $14.87. The company 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 upgraded by equities research analysts at Zacks Research to a "hold" rating in a research note issued on Tuesday, Zacks reports.

A number of other analysts have also issued reports on the company. Cantor Fitzgerald assumed coverage on Securitize in a research note on Monday. They issued an "overweight" rating and a $21.20 price target on the stock. Rosenblatt Securities upped their price objective on shares of Securitize from $11.00 to $13.00 and gave the company a "buy" rating in a research note on Monday. Citizens Jmp began coverage on shares of Securitize in a report on Tuesday, August 11th. They set an "outperform" rating and a $15.00 price objective on the stock. Benchmark decreased their target price on shares of Securitize from $16.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, August 17th. Finally, Wall Street Zen lowered shares of Securitize to a "strong sell" rating in a research report on Saturday, September 5th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Securitize currently has an average rating of "Moderate Buy" and a consensus target price of $13.37.

Securitize Trading Up 10.0%

Securitize stock opened at $14.29 on Tuesday. The stock's 50-day moving average is $7.56. Securitize has a 52 week low of $5.14 and a 52 week high of $14.87. The stock has a market cap of $2.33 billion, a PE ratio of -5.76 and a beta of 1.45.

Securitize (NYSE:SECZ - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share (EPS) for the quarter. The company had revenue of $14.44 million for the quarter. Equities research analysts predict that Securitize will post -0.81 EPS for the current fiscal year.

Key Stories Impacting Securitize

Here are the key news stories impacting Securitize this week:

• Positive Sentiment: The New York Stock Exchange’s expansion of plans for tokenized stocks strengthened the outlook for Securitize’s platform and reinforced expectations that blockchain-based trading could become more widely adopted. Securitize Hits New High as NYSE Expands Tokenized Stock Plans
• Positive Sentiment: Recent Securities and Exchange Commission developments reportedly provided a “go signal” for tokenized securities trading, boosting confidence in Securitize’s regulatory positioning and growth prospects. Securitize Climbs to All-Time High on Tokenized Securities Go-Signal
• Positive Sentiment: Cantor Fitzgerald initiated coverage with an Overweight rating and a $21.20 price target, citing Securitize’s early position in the tokenization of traditional financial assets. The bullish target encouraged additional buying. Cantor Fitzgerald Sees Big Upside in Securitize
• Positive Sentiment: The broader cryptocurrency rally and optimistic Wall Street estimates added momentum, while inclusion in the S&P Total Market Index could increase visibility and potentially support index-related demand. Securitize Added to S&P TMI Index

Securitize Company Profile

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities on blockchain networks. Its platform enables companies and investment managers to tokenize assets such as private-company shares, private funds, credit products and other real-world assets, while supporting compliance and investor onboarding.

The company offers services including digital securities issuance, transfer-agent and fund-administration capabilities, a marketplace for certain tokenized assets, and investment products through its Securitize Capital business.

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