LanzaTech Global (NASDAQ:LNZA) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of LanzaTech Global (NASDAQ:LNZA) to a hold rating in a report published on Saturday.

A number of other research analysts have also weighed in on the stock. Zacks Research raised shares of LanzaTech Global to a “hold” rating in a research note on Wednesday, April 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LanzaTech Global in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, LanzaTech Global has a consensus rating of “Reduce” and an average price target of $14.00.

LanzaTech Global Trading Up 0.3%

Shares of LanzaTech Global stock opened at $24.78 on Friday. The firm has a market capitalization of $250.03 million and a PE ratio of -2.69. LanzaTech Global has a twelve month low of $7.88 and a twelve month high of $71.19. The firm’s 50-day moving average price is $19.02 and its 200 day moving average price is $16.66.

LanzaTech Global (NASDAQ:LNZA) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($6.47) by $6.43. The company had revenue of $28.00 million during the quarter, compared to analysts’ expectations of $12.20 million. On average, sell-side analysts predict that LanzaTech Global will post -7.66 EPS for the current fiscal year.

Institutional Trading of LanzaTech Global

Hedge funds have recently bought and sold shares of the business. DRW Securities LLC acquired a new stake in LanzaTech Global in the 4th quarter valued at about $160,000. Qube Research & Technologies Ltd acquired a new stake in LanzaTech Global in the 2nd quarter valued at about $27,000. AQR Capital Management LLC raised its holdings in LanzaTech Global by 1,045.1% in the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after acquiring an additional 168,247 shares during the last quarter. XTX Topco Ltd raised its holdings in LanzaTech Global by 380.5% in the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after acquiring an additional 149,576 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in LanzaTech Global in the 2nd quarter valued at about $82,000. Institutional investors and hedge funds own 17.76% of the company’s stock.

About LanzaTech Global

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.