Brokerages Set LanzaTech Global, Inc. (NASDAQ:LNZA) Price Target at $4.00

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) have earned an average rating of “Hold” from the three ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $4.00.

Separately, Janney Montgomery Scott downgraded LanzaTech Global from a “buy” rating to a “neutral” rating in a research note on Thursday.

Institutional Investors Weigh In On LanzaTech Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC acquired a new stake in shares of LanzaTech Global during the 3rd quarter valued at approximately $29,000. DRW Securities LLC acquired a new stake in shares of LanzaTech Global during the 4th quarter valued at approximately $30,000. Price T Rowe Associates Inc. MD lifted its position in shares of LanzaTech Global by 45.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,253 shares of the company’s stock valued at $72,000 after acquiring an additional 16,325 shares during the period. Wells Fargo & Company MN lifted its position in shares of LanzaTech Global by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 56,235 shares of the company’s stock valued at $77,000 after acquiring an additional 17,804 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of LanzaTech Global in the fourth quarter valued at approximately $85,000. 17.76% of the stock is currently owned by institutional investors and hedge funds.

LanzaTech Global Price Performance

LanzaTech Global stock opened at $0.54 on Thursday. The company has a market capitalization of $106.95 million, a price-to-earnings ratio of -0.83 and a beta of 1.32. The company’s 50 day simple moving average is $1.01 and its 200-day simple moving average is $1.33. LanzaTech Global has a 1 year low of $0.48 and a 1 year high of $3.41. The company has a debt-to-equity ratio of 6.64, a quick ratio of 2.91 and a current ratio of 2.91.

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.