A2Z Cust2Mate Solutions (NASDAQ:AZ) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of A2Z Cust2Mate Solutions (NASDAQ:AZ) to a hold rating in a research note released on Monday morning,Zacks.com reports.

AZ has been the subject of a number of other research reports. Weiss Ratings restated 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 initiated coverage on shares of A2Z Cust2Mate Solutions in a report on Friday, March 27th. They issued an “outperform” rating and a $15.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.00.

A2Z Cust2Mate Solutions Trading Up 5.5%

AZ opened at $6.67 on Monday. The stock has a market capitalization of $279.14 million, a P/E ratio of -5.96 and a beta of 1.43. The stock has a 50-day moving average price of $6.10 and a 200-day moving average price of $6.58. A2Z Cust2Mate Solutions has a 12-month low of $5.00 and a 12-month high of $12.36.

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

Institutional Trading of A2Z Cust2Mate Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Red Door Wealth Management LLC bought a new position in shares of A2Z Cust2Mate Solutions in the fourth quarter worth approximately $91,000. Savant Capital LLC purchased a new position in shares of A2Z Cust2Mate Solutions in the third quarter worth $125,000. Osaic Holdings Inc. bought a new stake in A2Z Cust2Mate Solutions during the 2nd quarter valued at $146,000. NewEdge Advisors LLC bought a new stake in A2Z Cust2Mate Solutions during the 2nd quarter valued at $148,000. Finally, Regal Partners Ltd purchased a new stake in A2Z Cust2Mate Solutions during the 3rd quarter valued at $153,000. Institutional investors 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.