TD Cowen Initiates Coverage on LanzaTech Global (NASDAQ:LNZA)

TD Cowen started coverage on shares of LanzaTech Global (NASDAQ:LNZA) in a research report released on Tuesday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $3.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on LNZA. Roth Mkm restated a buy rating and issued a $6.00 target price on shares of LanzaTech Global in a report on Monday, March 25th. Seaport Res Ptn restated a buy rating on shares of LanzaTech Global in a report on Friday, March 15th.

LanzaTech Global Trading Down 4.0 %

Shares of LNZA opened at $2.74 on Tuesday. LanzaTech Global has a fifty-two week low of $1.86 and a fifty-two week high of $8.70. The company has a market capitalization of $537.81 million, a PE ratio of -2.91 and a beta of 1.58. The stock has a fifty day moving average of $2.92 and a two-hundred day moving average of $3.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.22 and a current ratio of 6.22.

LanzaTech Global (NASDAQ:LNZA) last released its earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $20.46 million for the quarter, compared to the consensus estimate of $36.50 million. LanzaTech Global had a negative return on equity of 95.22% and a negative net margin of 214.11%. As a group, analysts forecast that LanzaTech Global will post -0.43 EPS for the current year.

Insider Activity at LanzaTech Global

In other LanzaTech Global news, insider Freya Burton sold 50,225 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $3.24, for a total transaction of $162,729.00. Following the completion of the sale, the insider now directly owns 39,846 shares in the company, valued at $129,101.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Trading of LanzaTech Global

Several large investors have recently added to or reduced their stakes in LNZA. Green Alpha Advisors LLC lifted its stake in shares of LanzaTech Global by 3.2% during the first quarter. Green Alpha Advisors LLC now owns 119,559 shares of the company’s stock worth $370,000 after purchasing an additional 3,687 shares in the last quarter. Barclays PLC lifted its position in LanzaTech Global by 119.5% during the 3rd quarter. Barclays PLC now owns 8,991 shares of the company’s stock worth $42,000 after acquiring an additional 4,895 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in LanzaTech Global in the 4th quarter worth approximately $63,000. Prime Capital Investment Advisors LLC acquired a new stake in LanzaTech Global in the third quarter valued at approximately $71,000. Finally, Pathstone Family Office LLC acquired a new position in shares of LanzaTech Global during the third quarter worth $72,000. 17.76% of the stock is currently owned by institutional investors and hedge funds.

LanzaTech Global Company Profile

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.