A2Z Cust2Mate Solutions (AZ) to Release Earnings on Wednesday

A2Z Cust2Mate Solutions (NASDAQ:AZ) will likely be issuing its results before the market opens on Wednesday, April 1st. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $4.6280 million for the quarter.

A2Z Cust2Mate Solutions Trading Down 4.1%

Shares of NASDAQ AZ opened at $6.32 on Tuesday. A2Z Cust2Mate Solutions has a 12 month low of $5.00 and a 12 month high of $12.36. The company has a 50 day simple moving average of $6.10 and a two-hundred day simple moving average of $6.59. The stock has a market cap of $264.49 million, a price-to-earnings ratio of -5.64 and a beta of 1.44.

A2Z Cust2Mate Solutions announced that its board has authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its stake in shares of A2Z Cust2Mate Solutions by 110.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,000,987 shares of the company’s stock worth $15,988,000 after acquiring an additional 1,050,000 shares in the last quarter. Shay Capital LLC increased 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 purchasing an additional 915,000 shares in the last quarter. Private Advisor Group LLC raised its holdings in A2Z Cust2Mate Solutions by 331.3% in the 4th quarter. Private Advisor Group LLC now owns 862,765 shares of the company’s stock worth $5,617,000 after purchasing an additional 662,718 shares during the period. Jain Global LLC acquired a new position in A2Z Cust2Mate Solutions in the 3rd quarter worth about $2,617,000. Finally, CIBC Bancorp USA Inc. purchased a new position in A2Z Cust2Mate Solutions during the third quarter worth approximately $2,490,000. Hedge funds and other institutional investors own 12.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Northland Securities assumed coverage on shares of A2Z Cust2Mate Solutions in a research report on Friday. They set an “outperform” rating and a $15.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research note on Wednesday, January 21st. Finally, Benchmark reissued a “buy” rating on shares of A2Z Cust2Mate Solutions in a report on Monday, January 5th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, A2Z Cust2Mate Solutions presently has a consensus rating of “Hold” and an average price target of $15.00.

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.