Fortitude Advisory Group L.L.C. Sells 340,000 Shares of A2Z Cust2Mate Solutions Corp. $AZ

Fortitude Advisory Group L.L.C. decreased its holdings in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) by 45.9% in the first quarter, Holdings Channel.com reports. The firm owned 400,000 shares of the company’s stock after selling 340,000 shares during the period. A2Z Cust2Mate Solutions makes up approximately 1.2% of Fortitude Advisory Group L.L.C.’s investment portfolio, making the stock its 14th biggest position. Fortitude Advisory Group L.L.C.’s holdings in A2Z Cust2Mate Solutions were worth $2,668,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC lifted its stake in shares of A2Z Cust2Mate Solutions by 12.7% in the 1st quarter. Private Advisor Group LLC now owns 971,946 shares of the company’s stock valued at $6,483,000 after acquiring an additional 109,181 shares during the last quarter. Weybosset Research & Management LLC grew its position in A2Z Cust2Mate Solutions by 71.6% during the 1st quarter. Weybosset Research & Management LLC now owns 1,542,249 shares of the company’s stock worth $10,287,000 after acquiring an additional 643,469 shares during the last quarter. XTX Topco Ltd purchased a new position in A2Z Cust2Mate Solutions in the 4th quarter worth approximately $296,000. IHT Wealth Management LLC increased its stake in A2Z Cust2Mate Solutions by 26.8% in the 4th quarter. IHT Wealth Management LLC now owns 287,728 shares of the company’s stock worth $1,873,000 after purchasing an additional 60,865 shares during the period. Finally, Captrust Financial Advisors lifted its position in A2Z Cust2Mate Solutions by 48.6% in the fourth quarter. Captrust Financial Advisors now owns 87,699 shares of the company’s stock valued at $571,000 after purchasing an additional 28,699 shares during the last quarter. 12.64% of the stock is owned by institutional investors.

A2Z Cust2Mate Solutions Stock Performance

NASDAQ AZ opened at $6.26 on Monday. The stock has a 50 day simple moving average of $6.39 and a two-hundred day simple moving average of $6.54. A2Z Cust2Mate Solutions Corp. has a fifty-two week low of $4.97 and a fifty-two week high of $12.36. The stock has a market cap of $278.82 million, a P/E ratio of -6.14 and a beta of 1.16.

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). The firm had revenue of $3.32 million for the quarter, compared to the consensus estimate of $3.06 million. A2Z Cust2Mate Solutions had a negative net margin of 415.62% and a negative return on equity of 62.55%. Sell-side analysts predict that A2Z Cust2Mate Solutions Corp. will post -0.51 earnings per share for the current year.

A2Z Cust2Mate Solutions announced that its board has approved a stock repurchase program on Friday, March 27th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the company to buy up to 7.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

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

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.