T3 Companies LLC Invests $1.11 Million in A2Z Cust2Mate Solutions Corp. $AZ

T3 Companies LLC acquired a new position in shares of A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 170,900 shares of the company’s stock, valued at approximately $1,113,000. A2Z Cust2Mate Solutions comprises about 1.4% of T3 Companies LLC’s holdings, making the stock its 10th largest position. T3 Companies LLC owned approximately 0.41% of A2Z Cust2Mate Solutions as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AZ. Alyeska Investment Group L.P. increased its holdings 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 buying an additional 1,050,000 shares during the last quarter. Shay Capital LLC increased its holdings in 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. Weybosset Research & Management LLC increased its holdings in A2Z Cust2Mate Solutions by 99.5% in the 4th quarter. Weybosset Research & Management LLC now owns 898,780 shares of the company’s stock valued at $5,851,000 after purchasing an additional 448,326 shares in the last quarter. Jain Global LLC acquired a new stake in A2Z Cust2Mate Solutions in the 3rd quarter valued at $2,617,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in A2Z Cust2Mate Solutions in the 3rd quarter valued at $2,490,000. 12.64% of the stock is currently owned by institutional investors and hedge funds.

A2Z Cust2Mate Solutions Price Performance

NASDAQ:AZ opened at $5.93 on Thursday. The firm has a 50-day moving average of $7.12 and a two-hundred day moving average of $6.61. The stock has a market cap of $264.12 million, a P/E ratio of -5.81 and a beta of 1.13. A2Z Cust2Mate Solutions Corp. has a 1-year low of $4.97 and a 1-year high of $12.36.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The firm had revenue of $3.32 million during the quarter, compared to analysts’ expectations of $3.06 million. A2Z Cust2Mate Solutions had a negative net margin of 415.62% and a negative return on equity of 62.55%. As a group, equities analysts expect that A2Z Cust2Mate Solutions Corp. will post -0.51 earnings per share for the current year.

A2Z Cust2Mate Solutions declared that its board has authorized a share repurchase plan on Friday, March 27th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the company to purchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on AZ. Wall Street Zen upgraded A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Northland Securities began coverage on A2Z Cust2Mate Solutions in a report on Friday, March 27th. They issued an “outperform” rating and a $15.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Monday, April 20th. Finally, Zacks Research upgraded A2Z Cust2Mate Solutions to a “hold” rating in a report on Monday, March 30th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, A2Z Cust2Mate Solutions currently has a consensus rating of “Hold” and a consensus price target of $15.00.

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.