Brokerages Set LanzaTech Global, Inc. (NASDAQ:LNZA) Price Target at $6.33

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) have earned an average recommendation of “Moderate Buy” from the four ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $6.33.

A number of equities analysts have recently issued reports on LNZA shares. TD Cowen initiated coverage on LanzaTech Global in a research note on Tuesday. They issued a “hold” rating and a $3.00 price target on the stock. Roth Mkm reissued a “buy” rating and issued a $6.00 target price on shares of LanzaTech Global in a research report on Monday, March 25th. Finally, Seaport Res Ptn restated a “buy” rating on shares of LanzaTech Global in a research note on Friday, March 15th.

Insider Transactions at LanzaTech Global

In related news, insider Freya Burton sold 50,225 shares of LanzaTech Global stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $3.24, for a total transaction of $162,729.00. Following the transaction, the insider now directly owns 39,846 shares in the company, valued at $129,101.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Barclays PLC raised its holdings in LanzaTech Global by 119.5% during the third quarter. Barclays PLC now owns 8,991 shares of the company’s stock valued at $42,000 after acquiring an additional 4,895 shares during the period. Swiss National Bank bought a new stake in LanzaTech Global during the 3rd quarter valued at approximately $301,000. Van ECK Associates Corp purchased a new position in LanzaTech Global in the 3rd quarter worth approximately $1,564,000. Pathstone Family Office LLC bought a new position in LanzaTech Global in the 3rd quarter worth approximately $72,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in LanzaTech Global during the 3rd quarter valued at approximately $71,000. Hedge funds and other institutional investors own 17.76% of the company’s stock.

LanzaTech Global Stock Performance

Shares of NASDAQ LNZA opened at $2.45 on Tuesday. The firm’s 50-day moving average price is $2.90 and its 200-day moving average price is $3.79. LanzaTech Global has a 52-week low of $1.86 and a 52-week high of $8.70. The company has a market cap of $481.77 million, a PE ratio of -2.61 and a beta of 1.58. The company has a quick ratio of 6.22, a current ratio of 6.22 and a debt-to-equity ratio of 0.17.

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

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.