Securitize (NYSE:SECZ) Shares Gap Down - What's Next?

Key Points

• Securitize shares fell sharply, opening at $7.65 versus a prior close of $8.43 and last trading near $7.64, below the 50-day moving average of $9.91.
• Analyst sentiment is mixed: Benchmark cut its price target to $10, while Cantor Fitzgerald set a $21.20 target. Overall, MarketBeat reports a “Moderate Buy” consensus and an average price target of $14.37.
• 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 provides blockchain-based infrastructure for tokenized securities and real-world assets.

Securitize Holdings (NYSE:SECZ - Get Free Report) shares gapped down before the market opened on Friday. The stock had previously closed at $8.43, but opened at $7.65. Securitize shares last traded at $7.6350, with a volume of 592,724 shares.

Analyst Ratings Changes

Several research analysts have commented on SECZ shares. Benchmark lowered their target price on Securitize from $16.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Cantor Fitzgerald initiated coverage on shares of Securitize in a report on Monday, September 21st. They set an "overweight" rating and a $21.20 price target on the stock. Zacks Research upgraded shares of Securitize to a "hold" rating in a research report on Tuesday, September 22nd. Wall Street Zen cut shares of Securitize to a "strong sell" rating in a research note on Saturday, September 5th. Finally, Weiss Ratings assumed coverage on Securitize in a report on Friday, September 25th. They set a "sell (d-)" rating on the stock. Five 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $14.37.

Securitize Price Performance

The firm has a market capitalization of $1.24 billion, a PE ratio of -3.06 and a beta of -0.13. The company's 50 day simple moving average is $9.91.

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

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.

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