LanzaTech Global (NASDAQ:LNZA) Coverage Initiated at TD Cowen

Investment analysts at TD Cowen started coverage on shares of LanzaTech Global (NASDAQ:LNZA) in a report issued on Tuesday, MarketBeat reports. The firm set a “hold” rating and a $3.00 price target on the stock. TD Cowen’s price target indicates a potential upside of 11.73% from the company’s current price.

A number of other research firms also recently commented on LNZA. Seaport Res Ptn reaffirmed a “buy” rating on shares of LanzaTech Global in a report on Friday, March 15th. Roth Mkm reaffirmed a “buy” rating and issued a $6.00 price objective on shares of LanzaTech Global in a report on Monday, March 25th.

LanzaTech Global Price Performance

Shares of NASDAQ LNZA opened at $2.69 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.22 and a current ratio of 6.22. LanzaTech Global has a fifty-two week low of $1.86 and a fifty-two week high of $8.70. The company has a market cap of $527.98 million, a PE ratio of -2.86 and a beta of 1.58. The business has a 50-day simple moving average of $2.92 and a two-hundred day simple moving average of $3.80.

LanzaTech Global (NASDAQ:LNZA) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $20.46 million for the quarter, compared to analyst estimates of $36.50 million. LanzaTech Global had a negative net margin of 214.11% and a negative return on equity of 95.22%. As a group, equities analysts expect that LanzaTech Global will post -0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Freya Burton sold 50,225 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $3.24, for a total value of $162,729.00. Following the completion of the transaction, the insider now directly owns 39,846 shares in the company, valued at approximately $129,101.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On LanzaTech Global

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in LanzaTech Global by 1,631.0% during the third quarter. Vanguard Group Inc. now owns 5,915,847 shares of the company’s stock worth $27,627,000 after acquiring an additional 5,574,089 shares during the period. Invesco Ltd. increased its position in shares of LanzaTech Global by 14,760.6% during the third 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 in the last quarter. Dumac Inc. acquired a new position in LanzaTech Global in the 3rd quarter valued at $4,899,000. Van ECK Associates Corp acquired a new position in LanzaTech Global during the third quarter worth about $1,564,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in LanzaTech Global in the 3rd quarter valued at about $780,000. Hedge funds and other institutional investors 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.