LanzaTech Global (NASDAQ:LNZA) Upgraded at Zacks Research

Zacks Research upgraded shares of LanzaTech Global (NASDAQ:LNZA) to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LanzaTech Global in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $14.00.

LanzaTech Global Price Performance

Shares of LNZA opened at $18.44 on Wednesday. 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 $42.78 million and a P/E ratio of -2.00. The firm’s 50 day simple moving average is $12.67 and its 200 day simple moving average is $16.20.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($6.47) by $6.43. The company had revenue of $28.00 million for the quarter, compared to analysts’ expectations of $12.20 million. On average, equities analysts anticipate that LanzaTech Global will post -0.66 earnings per share for the current year.

Insiders Place Their Bets

In other LanzaTech Global news, major shareholder Of New Zealand Super Guardians purchased 860,000 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were acquired at an average price of $5.00 per share, for a total transaction of $4,300,000.00. Following the purchase, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.50% of the company’s stock.

Institutional Trading of LanzaTech Global

Several hedge funds have recently bought and sold shares of LNZA. Jane Street Group LLC purchased a new stake in LanzaTech Global in the 2nd quarter worth approximately $230,000. Marshall Wace LLP bought a new position in LanzaTech Global in the 2nd quarter worth approximately $82,000. AQR Capital Management LLC lifted its holdings in shares of LanzaTech Global by 1,045.1% in the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after buying an additional 168,247 shares in the last quarter. XTX Topco Ltd grew its stake in LanzaTech Global by 380.5% during the second 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 bought a new position in shares of LanzaTech Global during the 2nd quarter valued at about $27,000. Institutional investors own 17.76% of the company’s stock.

About LanzaTech Global

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.