LanzaTech Global (NASDAQ:LNZA) Raised to “Hold” at Zacks Research

LanzaTech Global (NASDAQ:LNZA) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LanzaTech Global in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, LanzaTech Global has an average rating of “Reduce” and an average target price of $14.00.

LanzaTech Global Stock Up 26.0%

Shares of NASDAQ LNZA opened at $18.44 on Wednesday. The company has a market capitalization of $42.78 million and a PE ratio of -2.00. The stock’s 50 day moving average price is $12.56 and its 200-day moving average price is $16.21. LanzaTech Global has a twelve month low of $7.88 and a twelve month high of $71.19.

LanzaTech Global (NASDAQ:LNZA) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($6.47) by $6.43. The business had revenue of $28.00 million for the quarter, compared to analysts’ expectations of $12.20 million. As a group, research analysts expect that LanzaTech Global will post -0.66 EPS for the current fiscal year.

Insider Activity at LanzaTech Global

In related news, major shareholder Of New Zealand Super Guardians purchased 860,000 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were bought at an average price of $5.00 per share, with a total value of $4,300,000.00. Following the acquisition, the insider owned 1,192,634 shares of the company’s stock, valued at $5,963,170. This trade represents a 258.54% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.50% of the company’s stock.

Institutional Trading of LanzaTech Global

A number of large investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in LanzaTech Global in the second quarter worth $230,000. Marshall Wace LLP purchased a new position in shares of LanzaTech Global during the 2nd quarter valued at $82,000. XTX Topco Ltd grew its stake in shares of LanzaTech Global by 380.5% during the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after acquiring an additional 149,576 shares during the period. AQR Capital Management LLC grew its stake in shares of LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after acquiring an additional 168,247 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in LanzaTech Global in the 2nd quarter worth about $27,000. 17.76% of the stock is owned by hedge funds and other institutional investors.

LanzaTech Global Company Profile

LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.

Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.