Cable Car Capital LP Buys New Position in A2Z Cust2Mate Solutions Corp. $AZ

Cable Car Capital LP purchased a new position in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) in the second quarter, Holdings Channel.com reports. The fund purchased 600,000 shares of the company’s stock, valued at approximately $3,492,000.

Several other large investors have also added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV increased its position in A2Z Cust2Mate Solutions by 9.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 60,638 shares of the company’s stock valued at $484,000 after purchasing an additional 5,148 shares during the period. Geode Capital Management LLC lifted its position in shares of A2Z Cust2Mate Solutions by 113.3% in the 2nd 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 during the period. Osaic Holdings Inc. purchased a new stake in shares of A2Z Cust2Mate Solutions in the 2nd quarter worth about $146,000. NewEdge Advisors LLC bought a new stake in shares of A2Z Cust2Mate Solutions during the 2nd quarter valued at about $148,000. Finally, Squarepoint Ops LLC bought a new stake in shares of A2Z Cust2Mate Solutions during the 4th quarter valued at about $178,000. Institutional investors own 12.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Zacks Research upgraded shares of A2Z Cust2Mate Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings restated 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, A2Z Cust2Mate Solutions has an average rating of “Hold” and a consensus price target of $15.00.

A2Z Cust2Mate Solutions Trading Down 2.4%

NASDAQ AZ opened at $6.91 on Wednesday. The firm has a market capitalization of $307.77 million, a PE ratio of -8.33 and a beta of 1.16. The stock’s 50 day moving average is $6.06 and its 200 day moving average is $6.36. A2Z Cust2Mate Solutions Corp. has a twelve month low of $4.97 and a twelve month high of $9.82. The company has a quick ratio of 6.56, a current ratio of 7.52 and a debt-to-equity ratio of 0.02.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The business had revenue of $5.90 million during the quarter, compared to the consensus estimate of $3.54 million. A2Z Cust2Mate Solutions had a negative return on equity of 49.91% and a negative net margin of 241.67%. Research analysts forecast that A2Z Cust2Mate Solutions Corp. will post -0.52 earnings per share for the current fiscal 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 repurchase $20.00 million in shares. This repurchase authorization allows the company to repurchase up to 7.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

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.