LanzaTech Global, Inc. (NASDAQ:LNZA) Given Consensus Rating of “Moderate Buy” by Analysts

LanzaTech Global, Inc. (NASDAQ:LNZA) has earned a consensus recommendation of “Moderate Buy” from the four ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.00.

Separately, TD Cowen lowered their price objective on shares of LanzaTech Global from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, November 11th.

LanzaTech Global Stock Down 3.8 %

LNZA opened at $1.00 on Friday. The company has a market cap of $197.76 million, a PE ratio of -1.54 and a beta of 1.42. The company has a debt-to-equity ratio of 6.64, a quick ratio of 2.91 and a current ratio of 2.91. LanzaTech Global has a 1 year low of $0.95 and a 1 year high of $5.73. The firm has a 50 day moving average price of $1.60 and a 200 day moving average price of $1.76.

LanzaTech Global (NASDAQ:LNZA) last posted its earnings results on Friday, November 8th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.16). LanzaTech Global had a negative net margin of 223.03% and a negative return on equity of 180.10%. The business 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 firm posted ($0.13) EPS. Sell-side analysts expect that LanzaTech Global will post -0.63 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of LanzaTech Global by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,237,303 shares of the company’s stock valued at $4,274,000 after purchasing an additional 23,023 shares in the last quarter. State Street Corp increased its stake in shares of LanzaTech Global by 6.3% in the third quarter. State Street Corp now owns 1,610,965 shares of the company’s stock worth $3,077,000 after buying an additional 95,725 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in LanzaTech Global by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 756,552 shares of the company’s stock valued at $1,445,000 after acquiring an additional 25,629 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in LanzaTech Global by 433.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company’s stock valued at $577,000 after acquiring an additional 253,562 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in LanzaTech Global by 8.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 227,627 shares of the company’s stock worth $435,000 after acquiring an additional 18,391 shares in the last quarter. Hedge funds and other institutional investors own 17.76% of the company’s stock.

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.