A2Z Cust2Mate Solutions (NASDAQ:AZ) Stock Rating Upgraded by Zacks Research

A2Z Cust2Mate Solutions (NASDAQ:AZ) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on AZ. Weiss Ratings reiterated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Friday, July 17th. Wall Street Zen raised A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Two investment 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. Based on data from MarketBeat.com, A2Z Cust2Mate Solutions currently has an average rating of “Hold” and a consensus price target of $15.00.

A2Z Cust2Mate Solutions Stock Performance

Shares of A2Z Cust2Mate Solutions stock opened at $6.47 on Tuesday. The firm has a 50-day simple moving average of $5.85 and a two-hundred day simple moving average of $6.34. A2Z Cust2Mate Solutions has a fifty-two week low of $4.97 and a fifty-two week high of $10.14. The company has a market cap of $288.17 million, a P/E ratio of -6.34 and a beta of 1.16.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last posted 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. A2Z Cust2Mate Solutions had a negative return on equity of 62.55% and a negative net margin of 415.62%.The firm had revenue of $5.90 million for the quarter, compared to analysts’ expectations of $3.54 million. Equities research analysts forecast that A2Z Cust2Mate Solutions will post -0.51 EPS for the current year.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV raised its stake in A2Z Cust2Mate Solutions by 9.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 60,638 shares of the company’s stock valued at $484,000 after purchasing an additional 5,148 shares during the last quarter. Geode Capital Management LLC lifted its holdings in A2Z Cust2Mate Solutions by 113.3% in the 2nd quarter. Geode Capital Management LLC now owns 21,354 shares of the company’s stock valued at $226,000 after purchasing an additional 11,342 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in A2Z Cust2Mate Solutions during the 2nd quarter worth $146,000. NewEdge Advisors LLC acquired a new stake in A2Z Cust2Mate Solutions during the 2nd quarter worth $148,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of A2Z Cust2Mate Solutions during the fourth quarter worth $178,000. 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.