Private Advisor Group LLC raised its holdings in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ – Free Report) by 12.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 971,946 shares of the company’s stock after buying an additional 109,181 shares during the period. Private Advisor Group LLC owned 2.18% of A2Z Cust2Mate Solutions worth $6,483,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AZ. Red Door Wealth Management LLC bought a new position in shares of A2Z Cust2Mate Solutions in the 4th quarter valued at about $91,000. Osaic Holdings Inc. bought a new stake in A2Z Cust2Mate Solutions during the second quarter worth about $146,000. NewEdge Advisors LLC acquired a new position in A2Z Cust2Mate Solutions during the second quarter valued at approximately $148,000. Squarepoint Ops LLC acquired a new position in A2Z Cust2Mate Solutions during the fourth quarter valued at approximately $178,000. Finally, Woodward Diversified Capital LLC bought a new position in A2Z Cust2Mate Solutions in the fourth quarter valued at approximately $192,000. 12.64% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Monday, April 20th. Wall Street Zen raised A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Zacks Research raised shares of A2Z Cust2Mate Solutions to a “hold” rating in a research note on Monday, March 30th. Finally, Northland Securities started coverage on shares of A2Z Cust2Mate Solutions in a report on Friday, March 27th. They set an “outperform” rating and a $15.00 target price on the stock. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.00.
A2Z Cust2Mate Solutions Stock Performance
Shares of AZ stock traded down $0.18 during midday trading on Tuesday, hitting $6.03. 25,832 shares of the company were exchanged, compared to its average volume of 448,696. A2Z Cust2Mate Solutions Corp. has a 52 week low of $4.97 and a 52 week high of $12.36. The firm has a market capitalization of $268.62 million, a P/E ratio of -5.84 and a beta of 1.16. The firm’s 50 day moving average price is $6.39 and its two-hundred day moving average price is $6.54.
A2Z Cust2Mate Solutions (NASDAQ:AZ – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The company had revenue of $3.32 million during the quarter, compared to the consensus estimate of $3.06 million. A2Z Cust2Mate Solutions had a negative net margin of 415.62% and a negative return on equity of 62.55%. Analysts expect that A2Z Cust2Mate Solutions Corp. will post -0.51 EPS for the current year.
A2Z Cust2Mate Solutions declared that its Board of Directors has authorized a share buyback program on Friday, March 27th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the company to buy up to 7.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
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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