LanzaTech Global, Inc. (NASDAQ:LNZA) Receives Consensus Rating of "Moderate Buy" from Analysts

LanzaTech Global, Inc. (NASDAQ:LNZA - Get Free Report) has received an average rating of "Moderate Buy" from the four ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $6.00.

Separately, TD Cowen dropped their price objective on shares of LanzaTech Global from $3.00 to $2.00 and set a "hold" rating on the stock in a report on Monday, November 11th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in shares of LanzaTech Global by 1.0% in the third quarter. Geode Capital Management LLC now owns 2,237,303 shares of the company's stock valued at $4,274,000 after purchasing an additional 23,023 shares in the last quarter. State Street Corp lifted its holdings in LanzaTech Global by 6.3% in the third quarter. State Street Corp now owns 1,610,965 shares of the company's stock valued at $3,077,000 after acquiring an additional 95,725 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of LanzaTech Global by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 756,552 shares of the company's stock worth $1,445,000 after buying an additional 25,629 shares during the period. Bank of New York Mellon Corp increased its position in shares of LanzaTech Global by 433.7% during the second quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company's stock worth $577,000 after purchasing an additional 253,562 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of LanzaTech Global by 8.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 227,627 shares of the company's stock worth $435,000 after purchasing an additional 18,391 shares in the last quarter. 17.76% of the stock is owned by hedge funds and other institutional investors.

LanzaTech Global Stock Up 4.0 %

NASDAQ:LNZA traded up $0.04 during trading hours on Friday, hitting $1.04. 357,651 shares of the stock traded hands, compared to its average volume of 446,127. The firm has a 50 day moving average price of $1.59 and a 200 day moving average price of $1.75. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 6.64. LanzaTech Global has a fifty-two week low of $0.95 and a fifty-two week high of $5.73. The firm has a market cap of $205.67 million, a price-to-earnings ratio of -1.60 and a beta of 1.42.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) last released its earnings results on Friday, November 8th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.16). The firm had revenue of $9.94 million for the quarter, compared to analyst estimates of $17.87 million. LanzaTech Global had a negative return on equity of 180.10% and a negative net margin of 223.03%. During the same period in the prior year, the firm earned ($0.13) EPS. Equities research analysts anticipate that LanzaTech Global will post -0.63 earnings per share for the current year.

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.