Zacks Research cut shares of A2Z Cust2Mate Solutions (NASDAQ:AZ – Free Report) from a hold rating to a strong sell rating in a research note issued to investors on Monday morning,Zacks.com reports.
AZ has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research note on Monday, April 20th. Wall Street Zen raised shares of A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Northland Securities began coverage on A2Z Cust2Mate Solutions in a report on Friday, March 27th. They set an “outperform” rating and a $15.00 price target for the company. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.00.
Read Our Latest Stock Analysis on A2Z Cust2Mate Solutions
A2Z Cust2Mate Solutions Trading Down 0.5%
A2Z Cust2Mate Solutions (NASDAQ:AZ – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). A2Z Cust2Mate Solutions had a negative return on equity of 62.55% and a negative net margin of 415.62%.The company had revenue of $3.32 million for the quarter, compared to the consensus estimate of $3.06 million. As a group, analysts forecast that A2Z Cust2Mate Solutions will post -0.51 earnings per share for the current fiscal year.
A2Z Cust2Mate Solutions declared that its board has initiated a share repurchase plan on Friday, March 27th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the company to buy up to 7.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.
Hedge Funds Weigh In On A2Z Cust2Mate Solutions
Several institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV boosted its holdings in shares of A2Z Cust2Mate Solutions by 9.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 60,638 shares of the company’s stock worth $484,000 after purchasing an additional 5,148 shares during the period. Geode Capital Management LLC grew its stake in A2Z Cust2Mate Solutions by 113.3% in the second 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. bought a new position in shares of A2Z Cust2Mate Solutions in the 2nd quarter worth about $146,000. NewEdge Advisors LLC bought a new position in shares of A2Z Cust2Mate Solutions during the second quarter valued at approximately $148,000. Finally, Red Door Wealth Management LLC bought a new position in A2Z Cust2Mate Solutions during the 4th quarter valued at approximately $91,000. 12.64% of the stock is owned by 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.
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