LanzaTech Global (NASDAQ:LNZA) Research Coverage Started at TD Cowen

Analysts at TD Cowen assumed coverage on shares of LanzaTech Global (NASDAQ:LNZA) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $3.00 price target on the stock. TD Cowen’s price target points to a potential upside of 11.73% from the company’s current price.

A number of other research analysts have also issued reports on LNZA. Seaport Res Ptn reissued a “buy” rating on shares of LanzaTech Global in a research note on Friday, March 15th. Roth Mkm reiterated a “buy” rating and set a $6.00 price objective on shares of LanzaTech Global in a research report on Monday, March 25th.

LanzaTech Global Stock Performance

LanzaTech Global stock opened at $2.69 on Tuesday. The firm has a market capitalization of $527.98 million, a PE ratio of -2.86 and a beta of 1.58. LanzaTech Global has a one year low of $1.86 and a one year high of $8.70. The stock’s 50 day moving average price is $2.92 and its 200 day moving average price is $3.80. 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 posted its earnings results on Wednesday, February 28th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $20.46 million for the quarter, compared to analysts’ expectations of $36.50 million. LanzaTech Global had a negative net margin of 214.11% and a negative return on equity of 95.22%. As a group, sell-side analysts expect that LanzaTech Global will post -0.43 EPS for the current fiscal year.

Insider Activity

In related news, insider Freya Burton sold 50,225 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 39,846 shares of the company’s stock, valued at $129,101.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On LanzaTech Global

A number of institutional investors and hedge funds have recently bought and sold shares of LNZA. Barclays PLC lifted its stake 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 purchasing an additional 4,895 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of LanzaTech Global during the 4th quarter valued at $63,000. Prime Capital Investment Advisors LLC bought a new stake in shares of LanzaTech Global during the 3rd quarter worth $71,000. Pathstone Family Office LLC purchased a new stake in shares of LanzaTech Global during the third quarter valued at $72,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of LanzaTech Global during the fourth quarter valued at $201,000. 17.76% of the stock is 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.