LanzaTech Global (NASDAQ:LNZA) Stock Price Down 3.9%

LanzaTech Global, Inc. (NASDAQ:LNZA) fell 3.9% during mid-day trading on Wednesday . The company traded as low as $3.17 and last traded at $3.17. 76,567 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 248,692 shares. The stock had previously closed at $3.30.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Roth Mkm restated a “buy” rating and set a $6.00 target price on shares of LanzaTech Global in a report on Monday. Seaport Res Ptn reissued a “buy” rating on shares of LanzaTech Global in a research report on Friday, March 15th. Finally, Janney Montgomery Scott started coverage on shares of LanzaTech Global in a research note on Thursday, December 28th. They issued a “buy” rating and a $10.00 target price for the company.

LanzaTech Global Stock Performance

The company has a market capitalization of $608.60 million, a P/E ratio of -3.29 and a beta of 1.48. The stock’s fifty day moving average price is $3.53 and its 200-day moving average price is $4.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.22 and a current ratio of 6.22.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $20.46 million for the quarter, compared to analyst estimates of $36.50 million. As a group, research analysts anticipate that LanzaTech Global, Inc. will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at LanzaTech Global

In other LanzaTech Global news, insider Freya Burton sold 50,225 shares of LanzaTech Global stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $3.24, for a total transaction 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 $129,101.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On LanzaTech Global

A number of institutional investors have recently made changes to their positions in LNZA. Barclays PLC acquired a new stake in LanzaTech Global during the 2nd quarter worth approximately $28,000. Citigroup Inc. lifted its holdings in shares of LanzaTech Global by 1,196.2% during the second quarter. Citigroup Inc. now owns 6,144 shares of the company’s stock worth $42,000 after buying an additional 5,670 shares in the last quarter. California State Teachers Retirement System bought a new stake in shares of LanzaTech Global in the second quarter valued at about $47,000. Deutsche Bank AG boosted its position in shares of LanzaTech Global by 544.3% in the third quarter. Deutsche Bank AG now owns 10,869 shares of the company’s stock valued at $51,000 after acquiring an additional 9,182 shares during the period. Finally, Putnam Investments LLC acquired a new position in shares of LanzaTech Global in the fourth quarter valued at about $55,000. Institutional investors own 17.76% of the company’s stock.

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.