LanzaTech Global, Inc. (NASDAQ:LNZA) Given Average Rating of “Moderate Buy” by Brokerages

LanzaTech Global, Inc. (NASDAQ:LNZA) has earned an average recommendation of “Moderate Buy” from the four research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.33.

Separately, TD Cowen initiated coverage on shares of LanzaTech Global in a research report on Tuesday, May 7th. They issued a “hold” rating and a $3.00 price target on the stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LNZA. Daiwa Securities Group Inc. acquired a new stake in shares of LanzaTech Global during the fourth quarter worth about $63,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in LanzaTech Global during the 4th quarter worth approximately $201,000. Green Alpha Advisors LLC lifted its stake in LanzaTech Global by 3.2% in the first quarter. Green Alpha Advisors LLC now owns 119,559 shares of the company’s stock valued at $370,000 after buying an additional 3,687 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of LanzaTech Global by 14.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 207,940 shares of the company’s stock valued at $644,000 after buying an additional 26,097 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of LanzaTech Global by 52.3% in the fourth quarter. Van ECK Associates Corp now owns 510,257 shares of the company’s stock valued at $2,567,000 after buying an additional 175,290 shares during the period. 17.76% of the stock is currently owned by institutional investors.

LanzaTech Global Price Performance

LNZA opened at $2.12 on Friday. The company has a fifty day moving average price of $2.14 and a two-hundred day moving average price of $2.92. The firm has a market capitalization of $419.19 million, a PE ratio of -4.33 and a beta of 1.56. LanzaTech Global has a 52 week low of $1.41 and a 52 week high of $8.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.89 and a current ratio of 6.89.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). LanzaTech Global had a negative return on equity of 79.28% and a negative net margin of 152.29%. The company had revenue of $10.24 million during the quarter, compared to the consensus estimate of $11.09 million. During the same quarter in the prior year, the business earned ($0.58) earnings per share. As a group, analysts anticipate that LanzaTech Global will post -0.42 earnings per share for the current year.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.