A2Z Cust2Mate Solutions (NASDAQ:AZ) Raised to Hold at Zacks Research

Key Points

• Zacks Research upgraded A2Z Cust2Mate Solutions (NASDAQ:AZ) to a "hold"; analyst coverage is mixed (two Buys, one Hold, one Sell) with a consensus target price of $15.00.
• The board approved a $20.0 million share buyback (up to 6.1% of outstanding shares); the stock trades around $6.67 with a one‑year range of $5.00–$12.36, a market cap of about $279 million, and a negative P/E.
• A2Z develops the Cust2Mate smart cart retail system and operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts.

A2Z Cust2Mate Solutions (NASDAQ:AZ - Get Free Report) was upgraded by equities research analysts at Zacks Research to a "hold" rating in a research report issued on Monday,Zacks.com reports.

AZ has been the topic of a number of other research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of A2Z Cust2Mate Solutions in a report on Wednesday, January 21st. Northland Securities initiated coverage on shares of A2Z Cust2Mate Solutions in a report on Friday, March 27th. They issued an "outperform" rating and a $15.00 target price for the company. Finally, Benchmark reiterated a "buy" rating on shares of A2Z Cust2Mate Solutions in a research report on Monday, January 5th. 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $15.00.

A2Z Cust2Mate Solutions Stock Performance

Shares of NASDAQ AZ opened at $6.67 on Monday. A2Z Cust2Mate Solutions has a one year low of $5.00 and a one year high of $12.36. The firm has a market capitalization of $279.14 million, a P/E ratio of -5.96 and a beta of 1.43. The company's fifty day moving average is $6.10 and its two-hundred day moving average is $6.58.

A2Z Cust2Mate Solutions announced that its Board of Directors has approved a share buyback plan on Wednesday, January 7th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its shares are undervalued.

Institutional Trading of A2Z Cust2Mate Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. acquired a new stake in shares of A2Z Cust2Mate Solutions in the second quarter valued at approximately $146,000. NewEdge Advisors LLC acquired a new position in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth approximately $148,000. Red Door Wealth Management LLC acquired a new position in shares of A2Z Cust2Mate Solutions during the 4th quarter worth approximately $91,000. Savant Capital LLC purchased a new stake in A2Z Cust2Mate Solutions in the 3rd quarter valued at approximately $125,000. Finally, Regal Partners Ltd purchased a new stake in A2Z Cust2Mate Solutions in the 3rd quarter valued at approximately $153,000. Hedge funds and other institutional investors own 12.64% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.