Clal Insurance Enterprises Holdings Ltd Acquires 526,653 Shares of A2Z Cust2Mate Solutions Corp. $AZ

Clal Insurance Enterprises Holdings Ltd raised its holdings in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) by 96.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,073,305 shares of the company’s stock after acquiring an additional 526,653 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned approximately 2.56% of A2Z Cust2Mate Solutions worth $6,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of A2Z Cust2Mate Solutions by 113.3% during 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 in the last quarter. Marshall Wace LLP bought a new position in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth $412,000. NewEdge Advisors LLC bought a new position in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth $148,000. Honeycomb Asset Management LP bought a new position in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth $1,773,000. Finally, Osaic Holdings Inc. bought a new position in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth $146,000. Institutional investors own 12.64% of the company’s stock.

A2Z Cust2Mate Solutions Price Performance

Shares of NASDAQ AZ opened at $6.07 on Friday. The stock has a market capitalization of $270.36 million, a P/E ratio of -5.95 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. The business has a fifty day moving average price of $7.08 and a 200 day moving average price of $6.61.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The company had revenue of $3.32 million for the quarter, compared to analysts’ expectations of $3.06 million. A2Z Cust2Mate Solutions had a negative return on equity of 62.55% and a negative net margin of 415.62%. As a group, equities research analysts anticipate that A2Z Cust2Mate Solutions Corp. will post -0.51 earnings per share for the current fiscal year.

A2Z Cust2Mate Solutions announced that its Board of Directors has authorized a share repurchase program on Friday, March 27th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the company to repurchase up to 7.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

AZ has been the topic of a number of recent research reports. Wall Street Zen raised A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Northland Securities initiated coverage on A2Z Cust2Mate Solutions in a research report on Friday, March 27th. They set an “outperform” rating and a $15.00 price target on the stock. Zacks Research raised A2Z Cust2Mate Solutions to a “hold” rating in a research report on Monday, March 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.