A2Z Cust2Mate Solutions (NASDAQ:AZ) Research Coverage Started at Northland Securities

Northland Securities initiated coverage on shares of A2Z Cust2Mate Solutions (NASDAQ:AZ) in a research note published on Friday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $15.00 price target on the stock.

Several other research firms have also weighed in on AZ. Weiss Ratings reissued a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Wednesday, January 21st. Benchmark restated a “buy” rating on shares of A2Z Cust2Mate Solutions in a research report on Monday, January 5th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.00.

A2Z Cust2Mate Solutions Price Performance

Shares of NASDAQ AZ opened at $6.59 on Friday. The company has a market capitalization of $275.79 million, a PE ratio of -5.88 and a beta of 1.44. A2Z Cust2Mate Solutions has a twelve month low of $5.00 and a twelve month high of $12.36. The firm has a fifty day simple moving average of $6.12 and a 200 day simple moving average of $6.61.

A2Z Cust2Mate Solutions announced that its board has approved a share repurchase program on Wednesday, January 7th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the company to purchase up to 6.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On A2Z Cust2Mate Solutions

Several institutional investors have recently made changes to their positions in AZ. Osaic Holdings Inc. bought a new position in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth about $146,000. NewEdge Advisors LLC bought a new stake in A2Z Cust2Mate Solutions in the 2nd quarter valued at about $148,000. Red Door Wealth Management LLC bought a new stake in A2Z Cust2Mate Solutions in the 4th quarter valued at about $91,000. Savant Capital LLC acquired a new position in A2Z Cust2Mate Solutions during the 3rd quarter worth approximately $125,000. Finally, Regal Partners Ltd bought a new position in A2Z Cust2Mate Solutions in the third quarter worth approximately $153,000. Institutional investors and hedge funds own 12.64% of the company’s stock.

About A2Z Cust2Mate Solutions

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.