A2Z Cust2Mate Solutions (NASDAQ:AZ) Upgraded to “Hold” at Zacks Research

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

Other research analysts have also issued reports about the company. Wall Street Zen raised A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.00.

A2Z Cust2Mate Solutions Trading Down 3.4%

NASDAQ:AZ opened at $6.47 on Tuesday. A2Z Cust2Mate Solutions has a 12 month low of $4.97 and a 12 month high of $10.14. The firm has a fifty day simple moving average of $5.85 and a 200-day simple moving average of $6.34. The company has a market capitalization of $288.17 million, a P/E ratio of -6.34 and a beta of 1.16.

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

A2Z Cust2Mate Solutions declared that its Board of Directors has initiated a stock buyback program on Monday, July 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the company to reacquire up to 7.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On A2Z Cust2Mate Solutions

Several hedge funds have recently added to or reduced their stakes in AZ. Luxor Capital Group LP purchased a new stake in shares of A2Z Cust2Mate Solutions in the first quarter worth about $19,212,000. Mountain Hill Investment Partners Corp. raised its position in A2Z Cust2Mate Solutions by 78.7% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 246,119 shares of the company’s stock valued at $1,602,000 after acquiring an additional 108,400 shares in the last quarter. Weybosset Research & Management LLC lifted its holdings in A2Z Cust2Mate Solutions by 71.6% in the first quarter. Weybosset Research & Management LLC now owns 1,542,249 shares of the company’s stock valued at $10,287,000 after acquiring an additional 643,469 shares during the period. T3 Companies LLC acquired a new position in A2Z Cust2Mate Solutions in the fourth quarter valued at approximately $1,113,000. Finally, Private Advisor Group LLC boosted its position in A2Z Cust2Mate Solutions by 12.7% in the 1st quarter. Private Advisor Group LLC now owns 971,946 shares of the company’s stock worth $6,483,000 after purchasing an additional 109,181 shares in the last quarter. 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.