LanzaTech Global (NASDAQ:LNZA) Releases Quarterly Earnings Results

LanzaTech Global (NASDAQ:LNZA) released its quarterly earnings results on Tuesday. The company reported $0.39 earnings per share for the quarter, FiscalAI reports. LanzaTech Global had a negative net margin of 190.24% and a negative return on equity of 78,473.86%. The business had revenue of $28.00 million for the quarter.

LanzaTech Global Stock Performance

Shares of NASDAQ:LNZA traded down $0.55 during midday trading on Tuesday, hitting $16.01. The company’s stock had a trading volume of 8,112 shares, compared to its average volume of 69,386. The stock’s 50 day simple moving average is $12.44 and its 200 day simple moving average is $16.20. The stock has a market capitalization of $37.14 million and a price-to-earnings ratio of -0.69. LanzaTech Global has a fifty-two week low of $7.88 and a fifty-two week high of $71.19.

Analysts Set New Price Targets

Several equities analysts have commented on LNZA shares. Zacks Research raised shares of LanzaTech Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LanzaTech Global in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.00.

Insider Buying and Selling at LanzaTech Global

In other LanzaTech Global news, major shareholder Of New Zealand Super Guardians bought 860,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was purchased at an average price of $5.00 per share, for a total transaction of $4,300,000.00. Following the purchase, the insider directly owned 1,192,634 shares in the company, valued at $5,963,170. This trade represents a 258.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC bought a new position in LanzaTech Global in the second quarter worth $230,000. DRW Securities LLC bought a new stake in LanzaTech Global in the 4th quarter valued at $160,000. Marshall Wace LLP acquired a new position in shares of LanzaTech Global in the 2nd quarter valued at $82,000. XTX Topco Ltd raised its stake in shares of 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 buying an additional 149,576 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings 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. 17.76% of the stock is currently owned by institutional investors and hedge funds.

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.