A2Z Cust2Mate Solutions Corp. $AZ Shares Bought by Weybosset Research & Management LLC

Weybosset Research & Management LLC grew its holdings in shares of A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) by 71.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,542,249 shares of the company’s stock after purchasing an additional 643,469 shares during the quarter. A2Z Cust2Mate Solutions makes up about 3.0% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 18th biggest position. Weybosset Research & Management LLC owned 3.51% of A2Z Cust2Mate Solutions worth $10,287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in A2Z Cust2Mate Solutions by 113.3% during the second 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 period. Marshall Wace LLP acquired a new stake in A2Z Cust2Mate Solutions in the 2nd quarter valued at $412,000. NewEdge Advisors LLC acquired a new position in shares of A2Z Cust2Mate Solutions during the second quarter worth about $148,000. Honeycomb Asset Management LP purchased a new stake in shares of A2Z Cust2Mate Solutions in the second quarter worth about $1,773,000. Finally, Osaic Holdings Inc. purchased a new stake in shares of A2Z Cust2Mate Solutions in the second quarter worth about $146,000. Hedge funds and other institutional investors own 12.64% of the company’s stock.

A2Z Cust2Mate Solutions Stock Performance

Shares of AZ stock opened at $5.72 on Monday. The stock has a fifty day moving average of $6.87 and a two-hundred day moving average of $6.58. The firm has a market capitalization of $254.77 million, a PE ratio of -5.61 and a beta of 1.13. A2Z Cust2Mate Solutions Corp. has a 1 year low of $4.97 and a 1 year high of $12.36.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last posted its quarterly earnings data 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 business had revenue of $3.32 million for the quarter, compared to the consensus estimate of $3.06 million. Equities research analysts predict that A2Z Cust2Mate Solutions Corp. will post -0.51 earnings per share for the current fiscal year.

A2Z Cust2Mate Solutions announced that its board has initiated a share 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 typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. 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 report on Monday, April 20th. Northland Securities started coverage on shares of A2Z Cust2Mate Solutions in a report on Friday, March 27th. They issued an “outperform” rating and a $15.00 price objective on the stock. Finally, Zacks Research upgraded A2Z Cust2Mate Solutions to a “hold” rating in a research note 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.00.

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.