A2Z Cust2Mate Solutions (NASDAQ:AZ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of A2Z Cust2Mate Solutions (NASDAQ:AZ) from a sell rating to a hold rating in a report issued on Saturday morning.

A number of other research analysts have also recently weighed in on the company. Zacks Research upgraded A2Z Cust2Mate Solutions to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Wednesday, January 21st. Benchmark reissued a “buy” rating on shares of A2Z Cust2Mate Solutions in a research note on Monday, January 5th. Finally, Northland Securities began coverage on shares of A2Z Cust2Mate Solutions in a report on Friday, March 27th. They set an “outperform” rating and a $15.00 target price for the company. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, A2Z Cust2Mate Solutions has a consensus rating of “Hold” and a consensus price target of $15.00.

A2Z Cust2Mate Solutions Price Performance

Shares of NASDAQ:AZ opened at $8.17 on Friday. The firm has a market capitalization of $358.58 million, a price-to-earnings ratio of -7.93 and a beta of 1.23. The business’s 50 day simple moving average is $6.41 and its 200-day simple moving average is $6.56. A2Z Cust2Mate Solutions has a 12 month low of $5.00 and a 12 month high of $12.36.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last released its quarterly earnings data on Wednesday, April 1st. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.32). The firm had revenue of $3.65 million during the quarter, compared to analysts’ expectations of $4.63 million. A2Z Cust2Mate Solutions had a negative net margin of 466.81% and a negative return on equity of 71.13%. On average, equities analysts anticipate that A2Z Cust2Mate Solutions will post -0.15 earnings per share for the current year.

A2Z Cust2Mate Solutions declared that its board has initiated a share buyback plan on Wednesday, January 7th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On A2Z Cust2Mate Solutions

A number of institutional investors have recently modified their holdings of AZ. Bastion Asset Management Inc. acquired a new stake in A2Z Cust2Mate Solutions during the third quarter worth approximately $1,944,000. Weybosset Research & Management LLC raised its holdings in A2Z Cust2Mate Solutions by 1,600.0% in the 3rd quarter. Weybosset Research & Management LLC now owns 450,454 shares of the company’s stock valued at $3,599,000 after acquiring an additional 423,956 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its holdings in A2Z Cust2Mate Solutions by 31.6% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 396,980 shares of the company’s stock valued at $3,172,000 after acquiring an additional 95,300 shares during the last quarter. Mountain Hill Investment Partners Corp. lifted its stake in shares of A2Z Cust2Mate Solutions by 145.0% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 137,719 shares of the company’s stock worth $1,100,000 after purchasing an additional 81,500 shares during the period. Finally, Curated Wealth Partners LLC lifted its stake in shares of A2Z Cust2Mate Solutions by 50.0% during the 3rd quarter. Curated Wealth Partners LLC now owns 49,999 shares of the company’s stock worth $399,000 after purchasing an additional 16,666 shares during the period. Institutional investors and hedge funds own 12.64% of the company’s stock.

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.