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

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

LNZA has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of LanzaTech Global in a research report on Wednesday, October 8th. Roth Capital lowered their price target on shares of LanzaTech Global from $20.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Zacks Research cut shares of LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, LanzaTech Global currently has an average rating of “Reduce” and a consensus target price of $14.00.

LanzaTech Global Stock Down 1.1%

NASDAQ LNZA opened at $12.44 on Friday. The stock’s 50 day moving average is $21.83 and its 200 day moving average is $26.15. The firm has a market capitalization of $28.86 million and a PE ratio of -0.54. LanzaTech Global has a twelve month low of $11.20 and a twelve month high of $274.00.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of ($12.42) by $13.41. The firm had revenue of $9.28 million during 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 190.24%. On average, research analysts anticipate that LanzaTech Global will post -0.66 earnings per share for the current year.

Institutional Investors Weigh In On LanzaTech Global

A number of institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in LanzaTech Global during the second quarter worth about $230,000. Marshall Wace LLP purchased a new stake in LanzaTech Global in the 2nd quarter valued at about $82,000. SBI Securities Co. Ltd. lifted its holdings in shares of LanzaTech Global by 77.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 303,186 shares of the company’s stock worth $82,000 after acquiring an additional 132,792 shares during the last quarter. Nuveen LLC purchased a new position in shares of LanzaTech Global during the first quarter worth $49,000. Finally, XTX Topco Ltd grew its position 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 in the last quarter. 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.