LanzaTech Global’s (LNZA) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm restated their buy rating on shares of LanzaTech Global (NASDAQ:LNZA) in a research report sent to investors on Monday, Benzinga reports. The firm currently has a $6.00 price target on the stock.

LNZA has been the topic of a number of other research reports. Janney Montgomery Scott initiated coverage on shares of LanzaTech Global in a research report on Thursday, December 28th. They issued a buy rating and a $10.00 price objective on the stock. Seaport Res Ptn reaffirmed a buy rating on shares of LanzaTech Global in a report on Friday, March 15th.

LanzaTech Global Trading Down 8.5 %

Shares of NASDAQ:LNZA opened at $3.02 on Monday. The company has a market capitalization of $593.85 million, a PE ratio of -3.21 and a beta of 1.48. 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 $2.57 and a 12-month high of $8.70. The business’s fifty day simple moving average is $3.55 and its 200-day simple moving average is $4.37.

LanzaTech Global (NASDAQ:LNZA) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. LanzaTech Global had a negative return on equity of 95.22% and a negative net margin of 214.11%. The company had revenue of $20.46 million for the quarter, compared to the consensus estimate of $36.50 million. As a group, equities research analysts predict that LanzaTech Global will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at LanzaTech Global

In related news, insider Freya Burton sold 50,225 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $3.24, for a total value of $162,729.00. Following the completion of the transaction, the insider now directly owns 39,846 shares of the company’s stock, valued at approximately $129,101.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LNZA. Vanguard Group Inc. boosted its holdings in shares of LanzaTech Global by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,962,096 shares of the company’s stock valued at $29,989,000 after acquiring an additional 46,249 shares during the last quarter. BlackRock Inc. acquired a new position in LanzaTech Global during the second quarter valued at $14,197,000. Invesco Ltd. boosted its holdings in LanzaTech Global by 14,760.6% in the third quarter. Invesco Ltd. now owns 1,565,569 shares of the company’s stock valued at $7,311,000 after purchasing an additional 1,555,034 shares during the last quarter. Dumac Inc. acquired a new stake in LanzaTech Global during the 3rd quarter worth about $4,899,000. Finally, Geode Capital Management LLC purchased a new position in shares of LanzaTech Global during the 2nd quarter valued at about $5,914,000. 17.76% of the stock is owned by institutional investors and hedge funds.

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.