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

Zacks Research upgraded shares of LanzaTech Global (NASDAQ:LNZA) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

LNZA has been the subject of several 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 reduced their price objective on shares of LanzaTech Global from $20.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Finally, Wall Street Zen upgraded shares of LanzaTech Global from a “strong sell” rating to a “hold” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, LanzaTech Global currently has an average rating of “Hold” and an average target price of $14.00.

LanzaTech Global Price Performance

Shares of LNZA opened at $13.39 on Monday. The stock has a 50-day moving average of $16.37 and a 200-day moving average of $24.08. LanzaTech Global has a one year low of $11.20 and a one year high of $214.50. The company has a market cap of $31.05 million and a PE ratio of -0.58.

LanzaTech Global (NASDAQ:LNZA) last announced 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 business had revenue of $9.28 million for 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%. Analysts expect that LanzaTech Global will post -0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in LanzaTech Global in the 2nd quarter worth about $230,000. Qube Research & Technologies Ltd bought a new position in shares of LanzaTech Global in the second quarter valued at approximately $27,000. Marshall Wace LLP purchased a new stake in shares of LanzaTech Global during the second quarter valued at approximately $82,000. XTX Topco Ltd lifted its holdings 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 during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in LanzaTech Global by 77.9% during the second 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 period. 17.76% of the stock is owned by institutional investors.

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.