TD Cowen Has Lowered Expectations for LanzaTech Global (NASDAQ:LNZA) Stock Price

LanzaTech Global (NASDAQ:LNZA - Get Free Report) had its price objective reduced by TD Cowen from $3.00 to $2.00 in a report issued on Monday,Benzinga reports. The firm presently has a "hold" rating on the stock. TD Cowen's target price would indicate a potential upside of 25.00% from the stock's previous close.

LanzaTech Global Stock Down 5.9 %

LanzaTech Global stock traded down $0.10 during trading on Monday, reaching $1.60. The stock had a trading volume of 418,021 shares, compared to its average volume of 335,890. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $1.73 and a 200 day moving average price of $1.93. LanzaTech Global has a 52-week low of $1.16 and a 52-week high of $5.73.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.16). LanzaTech Global had a negative return on equity of 96.75% and a negative net margin of 143.76%. The company had revenue of $9.94 million for the quarter, compared to analysts' expectations of $17.87 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. On average, research analysts predict that LanzaTech Global will post -0.48 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LNZA. The Manufacturers Life Insurance Company bought a new stake in LanzaTech Global during the 2nd quarter valued at $92,000. Principal Financial Group Inc. bought a new position in LanzaTech Global during the 2nd quarter valued at about $28,000. Bank of New York Mellon Corp grew its holdings in 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 valued at $577,000 after purchasing an additional 253,562 shares during the period. XTX Topco Ltd purchased a new stake in LanzaTech Global during the 2nd quarter valued at approximately $26,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in LanzaTech Global in the second quarter worth about $251,000. 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.