A2Z Cust2Mate Solutions (NASDAQ:AZ) Upgraded at Zacks Research

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

Several other research firms have also commented on AZ. Benchmark reiterated a “buy” rating on shares of A2Z Cust2Mate Solutions in a research note on Monday, January 5th. Weiss Ratings restated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Wednesday, January 21st. Finally, Northland Securities began coverage on shares of A2Z Cust2Mate Solutions in a research note on Friday, March 27th. They set an “outperform” rating and a $15.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, A2Z Cust2Mate Solutions presently has a consensus rating of “Hold” and an average target price of $15.00.

A2Z Cust2Mate Solutions Price Performance

Shares of NASDAQ AZ opened at $7.48 on Monday. The firm’s 50-day moving average is $6.11 and its two-hundred day moving average is $6.59. The company has a market capitalization of $313.04 million, a PE ratio of -6.68 and a beta of 1.23. 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 results on Tuesday, March 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.49. A2Z Cust2Mate Solutions had a negative net margin of 488.70% and a negative return on equity of 86.58%. The company had revenue of $3.65 million for the quarter, compared to analysts’ expectations of $4.63 million.

A2Z Cust2Mate Solutions announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 7th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the company to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Red Door Wealth Management LLC acquired a new stake in A2Z Cust2Mate Solutions during the fourth quarter worth about $91,000. Savant Capital LLC acquired a new position in shares of A2Z Cust2Mate Solutions in the 3rd quarter valued at about $125,000. Osaic Holdings Inc. acquired a new position in shares of A2Z Cust2Mate Solutions in the 2nd quarter valued at about $146,000. NewEdge Advisors LLC purchased a new stake in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth about $148,000. Finally, Regal Partners Ltd purchased a new stake in shares of A2Z Cust2Mate Solutions during the 3rd quarter worth about $153,000. 12.64% of the stock is owned by hedge funds and other institutional investors.

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.