LanzaTech Global (NASDAQ:LNZA) Coverage Initiated by Analysts at TD Cowen

Research analysts at TD Cowen began coverage on shares of LanzaTech Global (NASDAQ:LNZA) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The brokerage set a “hold” rating and a $3.00 price target on the stock. TD Cowen’s target price points to a potential upside of 5.26% from the stock’s previous close.

Several other analysts have also recently commented on the company. Roth Mkm reiterated a “buy” rating and set a $6.00 price target on shares of LanzaTech Global in a research report on Monday, March 25th. Seaport Res Ptn reiterated a “buy” rating on shares of LanzaTech Global in a research report on Friday, March 15th.

LanzaTech Global Stock Up 5.2 %

LanzaTech Global stock opened at $2.85 on Tuesday. The stock has a market capitalization of $560.42 million, a PE ratio of -3.03 and a beta of 1.58. LanzaTech Global has a 12 month low of $1.86 and a 12 month high of $8.70. The business has a 50 day simple moving average of $2.94 and a 200-day simple moving average of $3.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.22 and a quick ratio of 6.22.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $20.46 million during the quarter, compared to analysts’ expectations of $36.50 million. LanzaTech Global had a negative return on equity of 95.22% and a negative net margin of 214.11%. On average, analysts anticipate that LanzaTech Global 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 the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $3.24, for a total value of $162,729.00. Following the completion of the sale, the insider now directly owns 39,846 shares in the company, valued at approximately $129,101.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On LanzaTech Global

Several large investors have recently modified their holdings of LNZA. Barclays PLC lifted its stake in shares of LanzaTech Global by 119.5% in the 3rd quarter. Barclays PLC now owns 8,991 shares of the company’s stock valued at $42,000 after purchasing an additional 4,895 shares during the last quarter. Swiss National Bank acquired a new position in shares of LanzaTech Global in the 3rd quarter valued at $301,000. Van ECK Associates Corp acquired a new position in shares of LanzaTech Global in the 3rd quarter valued at $1,564,000. Pathstone Family Office LLC acquired a new position in shares of LanzaTech Global in the 3rd quarter valued at $72,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of LanzaTech Global in the 3rd quarter valued at $71,000. Institutional investors and hedge funds own 17.76% of the company’s stock.

About LanzaTech Global

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.