A2Z Smart Technologies (NASDAQ:AZ) Price Target Raised to $20.00 at Benchmark

A2Z Smart Technologies (NASDAQ:AZ) had its price objective hoisted by equities research analysts at Benchmark from $18.00 to $20.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target points to a potential upside of 157.40% from the company’s previous close.

A2Z Smart Technologies Trading Up 6.6 %

NASDAQ:AZ traded up $0.48 during trading hours on Wednesday, hitting $7.77. 93,879 shares of the stock were exchanged, compared to its average volume of 84,073. The firm’s fifty day moving average price is $6.94 and its 200 day moving average price is $5.69. A2Z Smart Technologies has a 52-week low of $0.85 and a 52-week high of $8.28. The company has a market cap of $213.24 million, a P/E ratio of -15.60 and a beta of 1.38.

Hedge Funds Weigh In On A2Z Smart Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Garnet Equity Capital Holdings Inc. purchased a new position in A2Z Smart Technologies in the 4th quarter worth approximately $1,986,000. IHT Wealth Management LLC purchased a new stake in shares of A2Z Smart Technologies in the 4th quarter valued at approximately $1,156,000. Renaissance Technologies LLC acquired a new stake in shares of A2Z Smart Technologies during the 4th quarter worth approximately $287,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of A2Z Smart Technologies during the 4th quarter valued at approximately $3,619,000. 12.64% of the stock is owned by hedge funds and other institutional investors.

About A2Z Smart Technologies

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.