Analysts Set LanzaTech Global, Inc. (NASDAQ:LNZA) PT at $6.33

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) have been given a consensus rating of “Moderate Buy” by the four ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $6.00.

Separately, TD Cowen dropped their price target on LanzaTech Global from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday.

Institutional Trading of LanzaTech Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in LanzaTech Global by 14.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 207,940 shares of the company’s stock valued at $644,000 after purchasing an additional 26,097 shares during the period. Bank of New York Mellon Corp lifted its stake in LanzaTech Global by 433.7% in the second quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company’s stock worth $577,000 after acquiring an additional 253,562 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in LanzaTech Global in the second quarter valued at $251,000. Principal Financial Group Inc. purchased a new position in LanzaTech Global during the 2nd quarter valued at $28,000. Finally, XTX Topco Ltd bought a new position in LanzaTech Global in the 2nd quarter worth $26,000. Institutional investors own 17.76% of the company’s stock.

LanzaTech Global Stock Performance

Shares of LNZA opened at $1.31 on Monday. LanzaTech Global has a 12 month low of $1.16 and a 12 month high of $5.73. The stock has a market capitalization of $259.07 million, a price-to-earnings ratio of -2.02 and a beta of 1.58. The company has a current ratio of 2.91, a quick ratio of 4.40 and a debt-to-equity ratio of 6.64. The firm has a fifty day simple moving average of $1.73 and a 200 day simple moving average of $1.92.

LanzaTech Global (NASDAQ:LNZA) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.16). LanzaTech Global had a negative return on equity of 180.10% and a negative net margin of 223.03%. The firm had revenue of $9.94 million for the quarter, compared to analyst estimates of $17.87 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. Research analysts forecast that LanzaTech Global will post -0.52 EPS for the current fiscal 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.