LanzaTech Global (NASDAQ:LNZA) Announces Quarterly Earnings Results, Beats Expectations By $6.43 EPS

LanzaTech Global (NASDAQ:LNZA) released its earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($6.47) by $6.43, Zacks reports. The business had revenue of $28.00 million during the quarter, compared to the consensus estimate of $12.20 million.

LanzaTech Global Price Performance

LanzaTech Global stock opened at $14.64 on Thursday. The business has a 50 day moving average of $12.46 and a 200-day moving average of $16.19. LanzaTech Global has a 1 year low of $7.88 and a 1 year high of $71.19. The company has a market capitalization of $33.96 million and a P/E ratio of -1.59.

Insider Buying and Selling

In other LanzaTech Global news, major shareholder Of New Zealand Super Guardians bought 860,000 shares of LanzaTech Global stock in a transaction on Wednesday, January 21st. The shares were purchased at an average cost of $5.00 per share, with a total value of $4,300,000.00. Following the acquisition, the insider directly owned 1,192,634 shares of the company’s stock, valued at $5,963,170. The trade was a 258.54% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LanzaTech Global

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of LanzaTech Global in the second quarter worth approximately $230,000. Marshall Wace LLP purchased a new stake in LanzaTech Global in the 2nd quarter valued at $82,000. AQR Capital Management LLC lifted its stake in LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after acquiring an additional 168,247 shares in the last quarter. XTX Topco Ltd lifted its stake in LanzaTech Global by 380.5% during the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after acquiring an additional 149,576 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in LanzaTech Global during the 2nd quarter worth $27,000. 17.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of LanzaTech Global in a research note on Thursday, January 22nd. Zacks Research raised shares of LanzaTech Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, LanzaTech Global currently has a consensus rating of “Hold” and a consensus target price of $14.00.

LanzaTech Global Company Profile

LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.

Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.