LanzaTech Global (NASDAQ:LNZA) Downgraded by Zacks Research to “Hold”

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

A number of other research analysts have also commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of LanzaTech Global in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of LanzaTech Global to a “hold” rating in a research note on Saturday, May 2nd. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, LanzaTech Global presently has a consensus rating of “Reduce” and a consensus price target of $14.00.

LanzaTech Global Stock Down 1.2%

LNZA stock opened at $5.75 on Monday. LanzaTech Global has a twelve month low of $5.02 and a twelve month high of $71.19. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.33. The company has a market cap of $58.02 million and a PE ratio of -5.93. The business’s 50-day simple moving average is $8.65 and its 200 day simple moving average is $13.46.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($1.77) EPS for the quarter, beating the consensus estimate of ($2.88) by $1.11. LanzaTech Global had a negative return on equity of 1,268.15% and a negative net margin of 76.05%.The firm had revenue of $12.02 million during the quarter, compared to analysts’ expectations of $12.10 million. On average, research analysts anticipate that LanzaTech Global will post -3.73 earnings per share for the current year.

Institutional Investors Weigh In On LanzaTech Global

Several large investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd acquired a new position in shares of LanzaTech Global in the 2nd quarter worth approximately $27,000. AQR Capital Management LLC grew its position in LanzaTech Global by 1,045.1% in the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after acquiring an additional 168,247 shares during the period. XTX Topco Ltd grew its position in LanzaTech Global by 380.5% in the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after acquiring an additional 149,576 shares during the period. Marshall Wace LLP acquired a new position in LanzaTech Global during the second quarter worth $82,000. Finally, DRW Securities LLC acquired a new position in LanzaTech Global during the fourth quarter worth $160,000. 17.76% of the stock is currently 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.