Roth Capital Has Lowered Expectations for LanzaTech Global (NASDAQ:LNZA) Stock Price

LanzaTech Global (NASDAQ:LNZA) had its target price decreased by stock analysts at Roth Capital from $20.00 to $14.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Roth Capital’s price target indicates a potential upside of 12.54% from the stock’s current price.

Several other research firms have also recently weighed in on LNZA. Weiss Ratings reissued a “sell (e+)” rating on shares of LanzaTech Global in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of LanzaTech Global from a “hold” rating to a “strong sell” rating in a research report on Friday, August 22nd. Finally, Zacks Research cut shares of LanzaTech Global from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $14.00.

LanzaTech Global Stock Performance

NASDAQ:LNZA opened at $12.44 on Thursday. LanzaTech Global has a 52-week low of $11.20 and a 52-week high of $274.00. The company has a market cap of $28.86 million and a P/E ratio of -0.54. The stock’s 50-day simple moving average is $21.83 and its 200 day simple moving average is $26.13.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of ($12.42) by $13.41. The firm had revenue of $9.28 million during the quarter, compared to the consensus estimate of $10.20 million. LanzaTech Global had a negative return on equity of 78,473.86% and a negative net margin of 190.24%. As a group, equities analysts predict that LanzaTech Global will post -0.66 earnings per share for the current fiscal year.

Institutional Trading of LanzaTech Global

A number of hedge funds have recently modified their holdings of LNZA. Qube Research & Technologies Ltd acquired a new position in LanzaTech Global in the 2nd quarter valued at about $27,000. SBI Securities Co. Ltd. grew its position in shares of LanzaTech Global by 77.9% in the second quarter. SBI Securities Co. Ltd. now owns 303,186 shares of the company’s stock valued at $82,000 after purchasing an additional 132,792 shares during the last quarter. XTX Topco Ltd increased its stake in shares of 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 purchasing an additional 149,576 shares during the period. AQR Capital Management LLC lifted its holdings in LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after purchasing an additional 168,247 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in LanzaTech Global during the 1st quarter worth approximately $49,000. 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.