J. Goldman & Co LP Buys Shares of 648,447 A2Z Cust2Mate Solutions Corp. $AZ

J. Goldman & Co LP bought a new stake in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 648,447 shares of the company’s stock, valued at approximately $3,774,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AZ. Osaic Holdings Inc. acquired a new stake in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth approximately $146,000. NewEdge Advisors LLC acquired a new position in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth $148,000. Geode Capital Management LLC raised its holdings in shares of A2Z Cust2Mate Solutions by 113.3% during the 2nd quarter. Geode Capital Management LLC now owns 21,354 shares of the company’s stock worth $226,000 after buying an additional 11,342 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of A2Z Cust2Mate Solutions during the 4th quarter worth $178,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of A2Z Cust2Mate Solutions during the 4th quarter worth $206,000. Institutional investors own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

AZ has been the topic of a number of recent analyst reports. Zacks Research upgraded A2Z Cust2Mate Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Friday, July 17th. Two research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.00.

A2Z Cust2Mate Solutions Trading Down 2.4%

NASDAQ AZ opened at $6.91 on Wednesday. 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 Corp. has a twelve month low of $4.97 and a twelve month high of $9.82. The company has a market cap of $307.77 million, a price-to-earnings ratio of -8.33 and a beta of 1.16. The business’s fifty day moving average is $6.06 and its 200 day moving average is $6.36.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. A2Z Cust2Mate Solutions had a negative return on equity of 49.91% and a negative net margin of 241.67%.The business had revenue of $5.90 million for the quarter, compared to analyst estimates of $3.54 million. As a group, sell-side analysts expect that A2Z Cust2Mate Solutions Corp. will post -0.52 EPS for the current fiscal year.

A2Z Cust2Mate Solutions declared that its board has initiated a stock buyback plan on Monday, July 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the company to buy up to 7.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

A2Z Cust2Mate Solutions 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.