A2Z Cust2Mate Solutions (NASDAQ:AZ) Posts Earnings Results, Misses Expectations By $0.32 EPS

A2Z Cust2Mate Solutions (NASDAQ:AZ) released its quarterly earnings data on Tuesday. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.32), Zacks reports. The business had revenue of $3.65 million for the quarter, compared to analysts’ expectations 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 Price Performance

AZ stock opened at $7.48 on Friday. The firm has a market cap of $313.04 million, a PE ratio of -7.26 and a beta of 1.23. A2Z Cust2Mate Solutions has a 12 month low of $5.00 and a 12 month high of $12.36. The firm has a 50 day simple moving average of $6.10 and a 200 day simple moving average of $6.59.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Wednesday, January 21st. Northland Securities assumed coverage on A2Z Cust2Mate Solutions in a research report on Friday, March 27th. They issued an “outperform” rating and a $15.00 target price on the stock. Benchmark reaffirmed a “buy” rating on shares of A2Z Cust2Mate Solutions in a research note on Monday, January 5th. Finally, Zacks Research upgraded A2Z Cust2Mate Solutions to a “hold” rating in a research report on Monday. Two 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.00.

Institutional Investors Weigh In On A2Z Cust2Mate Solutions

Hedge funds have recently made changes to their positions in the company. Alyeska Investment Group L.P. increased its position in A2Z Cust2Mate Solutions by 12.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,250,987 shares of the company’s stock worth $14,654,000 after purchasing an additional 250,000 shares during the last quarter. Shay Capital LLC grew its stake in shares of A2Z Cust2Mate Solutions by 133.6% in the 3rd quarter. Shay Capital LLC now owns 1,600,000 shares of the company’s stock valued at $12,784,000 after buying an additional 915,000 shares in the last quarter. Private Advisor Group LLC increased its holdings 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 buying an additional 662,718 shares during the last quarter. Cable Car Capital LP lifted its holdings in A2Z Cust2Mate Solutions by 60.0% in the 3rd quarter. Cable Car Capital LP now owns 500,000 shares of the company’s stock worth $3,995,000 after purchasing an additional 187,500 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in A2Z Cust2Mate Solutions by 22.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 352,582 shares of the company’s stock worth $2,295,000 after purchasing an additional 63,600 shares during the period. Hedge funds and other institutional investors own 12.64% of the company’s stock.

A2Z Cust2Mate Solutions announced that its board has approved a stock repurchase plan on Wednesday, January 7th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the company to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.