Clal Insurance Enterprises Holdings Ltd decreased its holdings in shares of A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ – Free Report) by 39.3% in the first quarter, HoldingsChannel reports. The firm owned 651,863 shares of the company’s stock after selling 421,442 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in A2Z Cust2Mate Solutions were worth $4,106,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of A2Z Cust2Mate Solutions by 113.3% in 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 during the last quarter. Marshall Wace LLP bought a new position in shares of A2Z Cust2Mate Solutions during the second quarter valued at approximately $412,000. NewEdge Advisors LLC bought a new position in shares of A2Z Cust2Mate Solutions during the second quarter valued at approximately $148,000. Honeycomb Asset Management LP purchased a new stake in A2Z Cust2Mate Solutions in the second quarter worth $1,773,000. Finally, Osaic Holdings Inc. purchased a new stake in A2Z Cust2Mate Solutions in the second quarter worth $146,000. Hedge funds and other institutional investors own 12.64% of the company’s stock.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Zacks Research lowered shares of A2Z Cust2Mate Solutions from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Friday. Finally, Northland Securities started coverage on shares of A2Z Cust2Mate Solutions in a research note on Friday, March 27th. They set an “outperform” rating and a $15.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.00.
A2Z Cust2Mate Solutions Stock Performance
Shares of NASDAQ:AZ opened at $5.57 on Wednesday. A2Z Cust2Mate Solutions Corp. has a 52-week low of $4.97 and a 52-week high of $11.40. The firm has a market capitalization of $248.09 million, a P/E ratio of -5.46 and a beta of 1.16. The stock has a 50 day moving average price of $6.02 and a 200-day moving average price of $6.51.
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). A2Z Cust2Mate Solutions had a negative net margin of 415.62% and a negative return on equity of 62.55%. The firm had revenue of $3.32 million for the quarter, compared to the consensus estimate of $3.06 million. On average, equities analysts forecast that A2Z Cust2Mate Solutions Corp. will post -0.51 EPS for the current fiscal year.
A2Z Cust2Mate Solutions declared that its Board of Directors has approved a stock repurchase plan on Friday, March 27th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to reacquire up to 7.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is 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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