A2Z Cust2Mate Solutions (NASDAQ:AZ) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of A2Z Cust2Mate Solutions (NASDAQ:AZ) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other research analysts also recently commented on the company. Wall Street Zen raised A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.00.

A2Z Cust2Mate Solutions Stock Performance

A2Z Cust2Mate Solutions stock opened at $6.47 on Tuesday. The business’s 50-day simple moving average is $5.85 and its 200-day simple moving average is $6.34. The firm has a market capitalization of $288.17 million, a PE ratio of -6.34 and a beta of 1.16. A2Z Cust2Mate Solutions has a 52 week low of $4.97 and a 52 week high of $10.14.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. A2Z Cust2Mate Solutions had a negative return on equity of 62.55% and a negative net margin of 415.62%.The business had revenue of $5.90 million during the quarter, compared to analysts’ expectations of $3.54 million. Research analysts forecast that A2Z Cust2Mate Solutions will post -0.51 earnings per share for the current year.

A2Z Cust2Mate Solutions declared that its board has initiated a stock repurchase program on Monday, July 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 7.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Luxor Capital Group LP bought a new position in A2Z Cust2Mate Solutions during the first quarter valued at about $19,212,000. Mountain Hill Investment Partners Corp. raised its holdings in A2Z Cust2Mate Solutions by 78.7% in the 4th quarter. Mountain Hill Investment Partners Corp. now owns 246,119 shares of the company’s stock valued at $1,602,000 after acquiring an additional 108,400 shares in the last quarter. Weybosset Research & Management LLC lifted its position in shares of A2Z Cust2Mate Solutions by 71.6% in the 1st quarter. Weybosset Research & Management LLC now owns 1,542,249 shares of the company’s stock worth $10,287,000 after acquiring an additional 643,469 shares during the period. T3 Companies LLC bought a new stake in shares of A2Z Cust2Mate Solutions in the 4th quarter worth approximately $1,113,000. Finally, Private Advisor Group LLC grew its holdings in shares of A2Z Cust2Mate Solutions by 12.7% during the 1st quarter. Private Advisor Group LLC now owns 971,946 shares of the company’s stock worth $6,483,000 after purchasing an additional 109,181 shares in the last quarter. Institutional investors and hedge funds own 12.64% of the company’s stock.

A2Z Cust2Mate Solutions Company Profile

A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts. It offers Cust2Mate system, which incorporates a smart cart that automatically calculates the value of the customers purchases in their smart cart without having to unload and reload their purchases at a customer checkout point.