A2Z Cust2Mate Solutions (NASDAQ:AZ) Issues Earnings Results

A2Z Cust2Mate Solutions (NASDAQ:AZ) issued its quarterly earnings results on Tuesday. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.49, FiscalAI reports. The firm had revenue of $3.65 million during the quarter, compared to analyst estimates of $4.63 million. A2Z Cust2Mate Solutions had a negative return on equity of 86.58% and a negative net margin of 488.70%.

A2Z Cust2Mate Solutions Stock Performance

Shares of AZ stock opened at $7.48 on Thursday. The firm has a fifty day moving average of $6.11 and a 200-day moving average of $6.59. The stock has a market cap of $313.04 million, a price-to-earnings ratio of -6.68 and a beta of 1.23. A2Z Cust2Mate Solutions has a 52-week low of $5.00 and a 52-week high of $12.36.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AZ. Zacks Research upgraded A2Z Cust2Mate Solutions to a “hold” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Wednesday, January 21st. Northland Securities started coverage on shares of A2Z Cust2Mate Solutions in a report on Friday, March 27th. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, Benchmark reiterated a “buy” rating on shares of A2Z Cust2Mate Solutions in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its holdings in A2Z Cust2Mate Solutions by 9.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 60,638 shares of the company’s stock valued at $484,000 after purchasing an additional 5,148 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of A2Z Cust2Mate Solutions by 113.3% during the 2nd quarter. Geode Capital Management LLC now owns 21,354 shares of the company’s stock worth $226,000 after buying an additional 11,342 shares during the period. Osaic Holdings Inc. bought a new stake in A2Z Cust2Mate Solutions in the second quarter valued at $146,000. NewEdge Advisors LLC acquired a new position in A2Z Cust2Mate Solutions during the second quarter worth $148,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the 4th quarter valued at $178,000. Institutional investors and hedge funds own 12.64% of the company’s stock.

A2Z Cust2Mate Solutions announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 7th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors 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.