Northland Securities Initiates Coverage on A2Z Cust2Mate Solutions (NASDAQ:AZ)

Stock analysts at Northland Securities initiated coverage on shares of A2Z Cust2Mate Solutions (NASDAQ:AZ) in a research report issued to clients and investors on Friday, MarketBeat.com reports. The firm set an “outperform” rating and a $15.00 price target on the stock. Northland Securities’ price target would indicate a potential upside of 127.62% from the stock’s current price.

Several other research firms also recently weighed in on AZ. Weiss Ratings restated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Wednesday, January 21st. Benchmark reiterated a “buy” rating on shares of A2Z Cust2Mate Solutions in a research report on Monday, January 5th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, A2Z Cust2Mate Solutions currently has a consensus rating of “Hold” and a consensus target price of $15.00.

A2Z Cust2Mate Solutions Trading Down 0.8%

AZ stock opened at $6.59 on Friday. A2Z Cust2Mate Solutions has a 12-month low of $5.00 and a 12-month high of $12.36. The stock has a market cap of $275.79 million, a price-to-earnings ratio of -5.88 and a beta of 1.43. The business’s 50-day moving average is $6.12 and its 200 day moving average is $6.62.

A2Z Cust2Mate Solutions declared that its board has authorized a share repurchase program on Wednesday, January 7th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 6.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. acquired a new position in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth approximately $146,000. NewEdge Advisors LLC purchased a new stake in shares of A2Z Cust2Mate Solutions in the second quarter valued at approximately $148,000. Red Door Wealth Management LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the fourth quarter valued at approximately $91,000. Savant Capital LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the third quarter valued at approximately $125,000. Finally, Regal Partners Ltd purchased a new position in A2Z Cust2Mate Solutions during the third quarter worth approximately $153,000. 12.64% of the stock is owned by hedge funds and other institutional investors.

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.