LanzaTech Global (NASDAQ:LNZA) Upgraded to Strong-Buy at Zacks Research

LanzaTech Global (NASDAQ:LNZA) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts have also commented on the company. Wall Street Zen upgraded LanzaTech Global from a “strong sell” rating to a “hold” rating in a report on Saturday, November 22nd. Roth Capital dropped their target price on LanzaTech Global from $20.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of LanzaTech Global in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.00.

LanzaTech Global Stock Up 0.0%

Shares of LNZA stock opened at $13.39 on Monday. The firm has a fifty day moving average of $16.37 and a 200-day moving average of $24.08. LanzaTech Global has a 12-month low of $11.20 and a 12-month high of $214.50. The company has a market capitalization of $31.05 million and a price-to-earnings ratio of -0.58.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of ($12.42) by $13.41. The business had revenue of $9.28 million for the quarter, compared to analysts’ expectations of $10.20 million. LanzaTech Global had a negative net margin of 190.24% and a negative return on equity of 78,473.86%. On average, equities analysts expect that LanzaTech Global will post -0.66 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd bought a new stake in shares of LanzaTech Global during the 2nd quarter worth approximately $27,000. AQR Capital Management LLC increased its holdings in LanzaTech Global by 1,045.1% during the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after buying an additional 168,247 shares during the last quarter. Nuveen LLC acquired a new position in LanzaTech Global during the first quarter worth $49,000. XTX Topco Ltd raised its position in LanzaTech Global by 380.5% during the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after acquiring an additional 149,576 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in LanzaTech Global by 77.9% in the second quarter. SBI Securities Co. Ltd. now owns 303,186 shares of the company’s stock valued at $82,000 after acquiring an additional 132,792 shares during the last quarter. Institutional investors and hedge funds own 17.76% of the company’s stock.

About LanzaTech Global

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.