Clal Insurance Enterprises Holdings Ltd Buys New Holdings in A2Z Cust2Mate Solutions Corp. $AZ

Clal Insurance Enterprises Holdings Ltd purchased a new position in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 546,863 shares of the company’s stock, valued at approximately $3,183,000.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in A2Z Cust2Mate Solutions by 113.3% during the 2nd quarter. Geode Capital Management LLC now owns 21,354 shares of the company’s stock valued at $226,000 after acquiring an additional 11,342 shares during the period. Marshall Wace LLP acquired a new stake in shares of A2Z Cust2Mate Solutions in the second quarter worth $412,000. NewEdge Advisors LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the second quarter worth $148,000. Honeycomb Asset Management LP purchased a new position in shares of A2Z Cust2Mate Solutions during the second quarter worth $1,773,000. Finally, Osaic Holdings Inc. purchased a new position in shares of A2Z Cust2Mate Solutions during the second quarter worth $146,000. 12.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

A2Z Cust2Mate Solutions Price Performance

AZ stock opened at $7.16 on Monday. A2Z Cust2Mate Solutions Corp. has a one year low of $4.97 and a one year high of $9.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.56 and a current ratio of 7.52. The firm’s fifty day moving average is $6.01 and its 200 day moving average is $6.35. The firm has a market cap of $318.91 million, a PE ratio of -8.63 and a beta of 1.16.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $5.90 million during the quarter, compared to the consensus estimate of $3.54 million. On average, research analysts forecast that A2Z Cust2Mate Solutions Corp. will post -0.52 EPS for the current year.

A2Z Cust2Mate Solutions declared that its board has authorized a share repurchase program on Monday, July 6th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the company to reacquire up to 7.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management 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.