A2Z Cust2Mate Solutions Corp. $AZ Stock Position Lessened by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. trimmed its position in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) by 87.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the company’s stock after selling 350,000 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in A2Z Cust2Mate Solutions were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AZ. Luxor Capital Group LP bought a new stake in shares of A2Z Cust2Mate Solutions in the first quarter worth about $19,212,000. Weybosset Research & Management LLC lifted its holdings in A2Z Cust2Mate Solutions by 71.6% in the 1st quarter. Weybosset Research & Management LLC now owns 1,542,249 shares of the company’s stock worth $10,287,000 after buying an additional 643,469 shares during the period. Private Advisor Group LLC grew its position in shares of 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 buying an additional 109,181 shares during the last quarter. J. Goldman & Co LP bought a new stake in shares of A2Z Cust2Mate Solutions in the 2nd quarter worth approximately $3,774,000. Finally, Cable Car Capital LP purchased a new position in shares of A2Z Cust2Mate Solutions during the second quarter valued at approximately $3,492,000. Institutional investors own 12.64% of the company’s stock.

A2Z Cust2Mate Solutions Stock Down 1.0%

NASDAQ AZ opened at $5.70 on Friday. The stock’s 50 day moving average is $6.18 and its 200 day moving average is $6.38. A2Z Cust2Mate Solutions Corp. has a twelve month low of $4.97 and a twelve month high of $8.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.56 and a current ratio of 7.52.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last announced its earnings results on Wednesday, August 12th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The firm had revenue of $5.90 million for the quarter, compared to analysts’ expectations of $3.54 million. A2Z Cust2Mate Solutions had a negative net margin of 241.67% and a negative return on equity of 49.91%. On average, equities analysts predict that A2Z Cust2Mate Solutions Corp. will post -0.52 earnings per share for the current fiscal year.

A2Z Cust2Mate Solutions announced that its board has authorized a stock repurchase program on Monday, July 6th that authorizes the company to buy back $20.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 7.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on AZ. Weiss Ratings reissued a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Thursday. Zacks Research raised shares of A2Z Cust2Mate Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.00.

About A2Z Cust2Mate Solutions

A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) is an Israel-based technology company focused on retail automation and the development of smart shopping carts. Its flagship Cust2Mate platform is designed to help shoppers scan and pay for products while they shop, reducing checkout times and providing retailers with additional tools to manage in-store operations and customer engagement.

The Cust2Mate system combines a shopping cart equipped with an interactive screen, product-scanning capabilities, payment functionality and software designed to support self-checkout and in-store marketing.