Weybosset Research & Management LLC Has $10.29 Million Stake in A2Z Cust2Mate Solutions Corp. $AZ

Weybosset Research & Management LLC lifted its position in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) by 71.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,542,249 shares of the company’s stock after buying an additional 643,469 shares during the quarter. A2Z Cust2Mate Solutions accounts for about 3.0% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 18th biggest holding. Weybosset Research & Management LLC’s holdings in A2Z Cust2Mate Solutions were worth $10,287,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in A2Z Cust2Mate Solutions during the fourth quarter valued at approximately $296,000. IHT Wealth Management LLC grew its position in A2Z Cust2Mate Solutions by 26.8% in the fourth quarter. IHT Wealth Management LLC now owns 287,728 shares of the company’s stock worth $1,873,000 after acquiring an additional 60,865 shares in the last quarter. Private Advisor Group LLC grew its position in A2Z Cust2Mate Solutions by 331.3% in the fourth quarter. Private Advisor Group LLC now owns 862,765 shares of the company’s stock worth $5,617,000 after acquiring an additional 662,718 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of A2Z Cust2Mate Solutions by 48.6% during the 4th quarter. Captrust Financial Advisors now owns 87,699 shares of the company’s stock worth $571,000 after purchasing an additional 28,699 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of A2Z Cust2Mate Solutions during the 4th quarter worth $178,000. Institutional investors and hedge funds own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Northland Securities assumed coverage on shares of A2Z Cust2Mate Solutions in a report on Friday, March 27th. They set an “outperform” rating and a $15.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Monday, April 20th. Zacks Research raised shares of A2Z Cust2Mate Solutions to a “hold” rating in a research report on Monday, March 30th. Finally, Wall Street Zen upgraded A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.00.

A2Z Cust2Mate Solutions Price Performance

Shares of A2Z Cust2Mate Solutions stock opened at $5.72 on Monday. The stock has a 50 day moving average price of $6.87 and a two-hundred day moving average price of $6.58. A2Z Cust2Mate Solutions Corp. has a 12-month low of $4.97 and a 12-month high of $12.36. The stock has a market capitalization of $254.77 million, a P/E ratio of -5.61 and a beta of 1.13.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The firm had revenue of $3.32 million for the quarter, compared to the consensus estimate of $3.06 million. A2Z Cust2Mate Solutions had a negative net margin of 415.62% and a negative return on equity of 62.55%. Sell-side analysts anticipate that A2Z Cust2Mate Solutions Corp. will post -0.51 earnings per share for the current year.

A2Z Cust2Mate Solutions announced that its Board of Directors has initiated a stock repurchase program on Friday, March 27th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 7.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

About A2Z Cust2Mate Solutions

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.