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

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) have earned an average rating of “Moderate Buy” from the four research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $6.33.

LNZA has been the subject of a number of research reports. TD Cowen began coverage on LanzaTech Global in a report on Tuesday. They set a “hold” rating and a $3.00 target price for the company. Seaport Res Ptn restated a “buy” rating on shares of LanzaTech Global in a research note on Friday, March 15th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $6.00 price objective on shares of LanzaTech Global in a report on Monday, March 25th.

LanzaTech Global Trading Down 8.8 %

NASDAQ LNZA opened at $2.45 on Tuesday. The stock has a market cap of $481.77 million, a P/E ratio of -2.61 and a beta of 1.58. The company has a current ratio of 6.22, a quick ratio of 6.22 and a debt-to-equity ratio of 0.17. LanzaTech Global has a 12-month low of $1.86 and a 12-month high of $8.70. The company has a fifty day simple moving average of $2.90 and a two-hundred day simple moving average of $3.79.

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

Insider Activity

In related news, insider Freya Burton sold 50,225 shares of the firm’s stock in a transaction dated 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 directly owns 39,846 shares of the company’s stock, valued at $129,101.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Trading of LanzaTech Global

A number of hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in LanzaTech Global by 119.5% in the third quarter. Barclays PLC now owns 8,991 shares of the company’s stock valued at $42,000 after buying an additional 4,895 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of LanzaTech Global during the 4th quarter valued at about $63,000. Prime Capital Investment Advisors LLC purchased a new position in shares of LanzaTech Global in the 3rd quarter valued at about $71,000. Pathstone Family Office LLC acquired a new position in LanzaTech Global in the 3rd quarter worth about $72,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in LanzaTech Global during the fourth quarter worth approximately $201,000. 17.76% of the stock is owned by hedge funds and other institutional investors.

About LanzaTech Global

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.