648,447 Shares in A2Z Cust2Mate Solutions Corp. $AZ Acquired by J. Goldman & Co LP

J. Goldman & Co LP purchased a new stake in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 648,447 shares of the company’s stock, valued at approximately $3,774,000. J. Goldman & Co LP owned 1.46% of A2Z Cust2Mate Solutions at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AZ. Geode Capital Management LLC increased its holdings in shares of A2Z Cust2Mate Solutions by 113.3% in the second quarter. Geode Capital Management LLC now owns 21,354 shares of the company’s stock valued at $226,000 after purchasing an additional 11,342 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth about $412,000. NewEdge Advisors LLC bought a new stake in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth about $148,000. Honeycomb Asset Management LP bought a new stake in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth about $1,773,000. Finally, Osaic Holdings Inc. acquired a new position in A2Z Cust2Mate Solutions in the 2nd quarter valued at about $146,000. Institutional investors and hedge funds own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of A2Z Cust2Mate Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.00.

A2Z Cust2Mate Solutions Price Performance

Shares of A2Z Cust2Mate Solutions stock opened at $6.91 on Wednesday. The company has a quick ratio of 6.56, a current ratio of 7.52 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $307.77 million, a price-to-earnings ratio of -8.33 and a beta of 1.16. A2Z Cust2Mate Solutions Corp. has a twelve month low of $4.97 and a twelve month high of $9.82. The company has a 50-day simple moving average of $6.06 and a two-hundred day simple moving average of $6.36.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last announced its earnings results on Wednesday, August 12th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. A2Z Cust2Mate Solutions had a negative net margin of 241.67% and a negative return on equity of 49.91%. The company had revenue of $5.90 million for the quarter, compared to analysts’ expectations of $3.54 million. Analysts forecast that A2Z Cust2Mate Solutions Corp. will post -0.52 EPS for the current year.

A2Z Cust2Mate Solutions announced that its board has authorized a share repurchase plan on Monday, July 6th 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 plans are often an indication that the company’s board believes its stock is undervalued.

A2Z Cust2Mate Solutions 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.