Brokerages Set LanzaTech Global, Inc. (NASDAQ:LNZA) PT at $6.33

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) have been given an average recommendation of “Moderate Buy” by the four brokerages that are currently covering the company, Marketbeat reports. One research 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 covered the stock in the last year is $6.33.

Several brokerages recently weighed in on LNZA. Seaport Res Ptn reiterated a “buy” rating on shares of LanzaTech Global in a report on Friday, March 15th. TD Cowen began coverage on shares of LanzaTech Global in a report on Tuesday, May 7th. They issued a “hold” rating and a $3.00 price target on the stock. Finally, Roth Mkm reiterated a “buy” rating and issued a $6.00 price target on shares of LanzaTech Global in a report on Monday, March 25th.

LanzaTech Global Stock Performance

Shares of LanzaTech Global stock opened at $1.82 on Wednesday. The firm has a market capitalization of $359.87 million, a P/E ratio of -3.71 and a beta of 1.57. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $2.35 and a 200 day moving average price of $3.27. LanzaTech Global has a 52 week low of $1.41 and a 52 week high of $8.70.

LanzaTech Global (NASDAQ:LNZA) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The company had revenue of $10.24 million during the quarter, compared to analysts’ expectations of $11.09 million. LanzaTech Global had a negative net margin of 152.29% and a negative return on equity of 79.28%. During the same period in the previous year, the business earned ($0.58) earnings per share. Sell-side analysts expect that LanzaTech Global will post -0.42 EPS for the current year.

Institutional Investors Weigh In On LanzaTech Global

A number of hedge funds and other institutional investors have recently made changes to their positions in LNZA. Vanguard Group Inc. grew its stake in shares of LanzaTech Global by 1,631.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,915,847 shares of the company’s stock worth $27,627,000 after purchasing an additional 5,574,089 shares during the period. Invesco Ltd. grew its stake in shares of LanzaTech Global by 14,760.6% during the 3rd quarter. Invesco Ltd. now owns 1,565,569 shares of the company’s stock worth $7,311,000 after purchasing an additional 1,555,034 shares during the period. Dumac Inc. acquired a new stake in shares of LanzaTech Global during the 3rd quarter worth approximately $4,899,000. Van ECK Associates Corp grew its stake in shares of LanzaTech Global by 52.3% during the 4th quarter. Van ECK Associates Corp now owns 510,257 shares of the company’s stock worth $2,567,000 after purchasing an additional 175,290 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of LanzaTech Global during the 3rd quarter worth approximately $780,000. 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.