Shares of A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ – Get Free Report) fell 1.2% during trading on Wednesday . The company traded as low as $5.87 and last traded at $5.93. 399,315 shares traded hands during trading, a decline of 28% from the average session volume of 557,758 shares. The stock had previously closed at $6.00.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Northland Securities assumed coverage on shares of A2Z Cust2Mate Solutions in a research report on Friday, March 27th. They set an “outperform” rating and a $15.00 price target for the company. 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Monday, April 20th. Finally, Zacks Research raised shares of A2Z Cust2Mate Solutions to a “hold” rating in a research report on Monday, March 30th. Two equities 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.00.
Read Our Latest Stock Report on A2Z Cust2Mate Solutions
A2Z Cust2Mate Solutions Trading Up 2.0%
A2Z Cust2Mate Solutions (NASDAQ:AZ – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The business had revenue of $3.32 million for the quarter, compared to analysts’ expectations of $3.06 million. A2Z Cust2Mate Solutions had a negative return on equity of 62.55% and a negative net margin of 415.62%. On average, analysts predict that A2Z Cust2Mate Solutions Corp. will post -0.51 EPS for the current year.
A2Z Cust2Mate Solutions declared that its board has authorized a share repurchase plan on Friday, March 27th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the company to purchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
Hedge Funds Weigh In On A2Z Cust2Mate Solutions
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AZ. Luxor Capital Group LP purchased a new position in A2Z Cust2Mate Solutions in the 1st quarter valued at about $19,212,000. Alyeska Investment Group L.P. boosted its position in A2Z Cust2Mate Solutions by 110.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,000,987 shares of the company’s stock valued at $15,988,000 after buying an additional 1,050,000 shares during the last quarter. Shay Capital LLC boosted its position in A2Z Cust2Mate Solutions by 133.6% in the 3rd quarter. Shay Capital LLC now owns 1,600,000 shares of the company’s stock valued at $12,784,000 after buying an additional 915,000 shares during the last quarter. Private Advisor Group LLC boosted its position in A2Z Cust2Mate Solutions by 331.3% in the 4th quarter. Private Advisor Group LLC now owns 862,765 shares of the company’s stock valued at $5,617,000 after buying an additional 662,718 shares during the last quarter. Finally, Weybosset Research & Management LLC boosted its position 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 valued at $10,287,000 after buying an additional 643,469 shares during the last quarter. 12.64% of the stock is owned by hedge funds and other institutional investors.
A2Z Cust2Mate Solutions Company 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.
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