Roth Capital Cuts LanzaTech Global (NASDAQ:LNZA) Price Target to $14.00

LanzaTech Global (NASDAQ:LNZA) had its price objective dropped by stock analysts at Roth Capital from $20.00 to $14.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Roth Capital’s price objective suggests a potential upside of 7.86% from the stock’s previous close.

A number of other research analysts have also issued reports on LNZA. Wall Street Zen lowered shares of LanzaTech Global from a “hold” rating to a “strong sell” rating in a report on Friday, August 22nd. Zacks Research lowered LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of LanzaTech Global in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $14.00.

LanzaTech Global Stock Performance

LanzaTech Global stock remained flat at $12.98 during mid-day trading on Thursday. 7,294 shares of the company’s stock were exchanged, compared to its average volume of 23,425. The company has a fifty day moving average of $22.11 and a two-hundred day moving average of $26.32. The firm has a market cap of $30.11 million and a P/E ratio of -0.24. LanzaTech Global has a 1 year low of $12.74 and a 1 year high of $274.00.

LanzaTech Global (NASDAQ:LNZA) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of ($12.42) by $13.41. The business had revenue of $9.28 million for the quarter, compared to analyst estimates of $10.20 million. LanzaTech Global had a negative return on equity of 78,473.86% and a negative net margin of 335.85%. Sell-side analysts predict that LanzaTech Global will post -0.66 earnings per share for the current fiscal year.

Institutional Trading of LanzaTech Global

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of LanzaTech Global during the second quarter worth about $230,000. Marshall Wace LLP bought a new stake in shares of LanzaTech Global in the 2nd quarter worth approximately $82,000. SBI Securities Co. Ltd. lifted its holdings in LanzaTech Global by 77.9% during the second quarter. SBI Securities Co. Ltd. now owns 303,186 shares of the company’s stock valued at $82,000 after purchasing an additional 132,792 shares during the last quarter. Nuveen LLC bought a new position in LanzaTech Global in the 1st quarter worth approximately $49,000. Finally, XTX Topco Ltd grew its position in shares of LanzaTech Global by 380.5% in the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after purchasing an additional 149,576 shares in the last quarter. Institutional investors and hedge funds 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.