LanzaTech Global (NASDAQ:LNZA) Downgraded to “Hold” Rating by Zacks Research

LanzaTech Global (NASDAQ:LNZA) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Weiss Ratings reissued a “sell (e+)” rating on shares of LanzaTech Global in a research report on Tuesday, April 21st. Wall Street Zen upgraded LanzaTech Global to a “hold” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $14.00.

LanzaTech Global Price Performance

Shares of LanzaTech Global stock opened at $5.75 on Monday. The company has a market capitalization of $58.02 million and a price-to-earnings ratio of -5.93. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.33. LanzaTech Global has a 52 week low of $5.02 and a 52 week high of $71.19. The stock’s 50-day simple moving average is $8.65 and its 200-day simple moving average is $13.46.

LanzaTech Global (NASDAQ:LNZA) last released its earnings results on Thursday, May 14th. The company reported ($1.77) earnings per share for the quarter, beating the consensus estimate of ($2.88) by $1.11. The firm had revenue of $12.02 million for the quarter, compared to the consensus estimate of $12.10 million. LanzaTech Global had a negative return on equity of 1,268.15% and a negative net margin of 76.05%. As a group, analysts expect that LanzaTech Global will post -3.73 earnings per share for the current fiscal year.

Institutional Trading of LanzaTech Global

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

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.