A2Z Cust2Mate Solutions (NASDAQ:AZ) Raised to Hold at Zacks Research

A2Z Cust2Mate Solutions (NASDAQ:AZ) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on AZ. Weiss Ratings restated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Friday, July 17th. Wall Street Zen upgraded shares of A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.00.

A2Z Cust2Mate Solutions Stock Performance

Shares of AZ opened at $6.47 on Tuesday. The company’s 50-day simple moving average is $5.85 and its 200-day simple moving average is $6.34. A2Z Cust2Mate Solutions has a 1 year low of $4.97 and a 1 year high of $10.14. The stock has a market capitalization of $288.17 million, a PE ratio of -6.34 and a beta of 1.16.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. A2Z Cust2Mate Solutions had a negative net margin of 415.62% and a negative return on equity of 62.55%. The business had revenue of $5.90 million during the quarter, compared to the consensus estimate of $3.54 million. On average, sell-side analysts predict that A2Z Cust2Mate Solutions will post -0.51 earnings per share for the current year.

A2Z Cust2Mate Solutions announced that its board has authorized a share repurchase program on Monday, July 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the company to purchase up to 7.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On A2Z Cust2Mate Solutions

Large investors have recently bought and sold shares of the company. Osaic Holdings Inc. purchased a new stake in shares of A2Z Cust2Mate Solutions in the second quarter valued at about $146,000. NewEdge Advisors LLC purchased a new position in A2Z Cust2Mate Solutions during the second quarter worth about $148,000. Geode Capital Management LLC raised its holdings in A2Z Cust2Mate Solutions by 113.3% during the second quarter. Geode Capital Management LLC now owns 21,354 shares of the company’s stock worth $226,000 after purchasing an additional 11,342 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in A2Z Cust2Mate Solutions in the fourth quarter valued at about $178,000. Finally, Kestra Advisory Services LLC purchased a new stake in A2Z Cust2Mate Solutions in the 4th quarter valued at approximately $206,000. Hedge funds and other 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.