LanzaTech Global’s (LNZA) Buy Rating Reaffirmed at Roth Mkm

LanzaTech Global (NASDAQ:LNZAGet Free Report)‘s stock had its “buy” rating restated by equities research analysts at Roth Mkm in a research note issued to investors on Monday, Benzinga reports. They currently have a $6.00 price objective on the stock. Roth Mkm’s price objective indicates a potential upside of 81.82% from the stock’s previous close.

LNZA has been the subject of several other reports. Seaport Res Ptn reaffirmed a “buy” rating on shares of LanzaTech Global in a research note on Friday, March 15th. Janney Montgomery Scott initiated coverage on LanzaTech Global in a research note on Thursday, December 28th. They set a “buy” rating and a $10.00 target price on the stock.

Read Our Latest Report on LNZA

LanzaTech Global Trading Up 4.8 %

Shares of LNZA stock opened at $3.30 on Monday. The company has a current ratio of 6.22, a quick ratio of 6.22 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $648.92 million, a price-to-earnings ratio of -3.51 and a beta of 1.48. LanzaTech Global has a 12-month low of $2.57 and a 12-month high of $8.70. The stock’s 50-day moving average price is $3.60 and its 200-day moving average price is $4.41.

LanzaTech Global (NASDAQ:LNZAGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. LanzaTech Global had a negative net margin of 214.11% and a negative return on equity of 95.22%. The company had revenue of $20.46 million for the quarter, compared to analysts’ expectations of $36.50 million. Equities research analysts predict that LanzaTech Global will post -0.43 EPS for the current fiscal year.

Insider Activity at LanzaTech Global

In related news, insider Freya Burton sold 50,225 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 39,846 shares of the company’s stock, valued at $129,101.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On LanzaTech Global

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in LanzaTech Global by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,962,096 shares of the company’s stock worth $29,989,000 after purchasing an additional 46,249 shares during the last quarter. Barclays PLC increased its position in LanzaTech Global by 215.1% during the 4th quarter. Barclays PLC now owns 28,331 shares of the company’s stock valued at $142,000 after buying an additional 19,340 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in LanzaTech Global by 8.8% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 181,843 shares of the company’s stock valued at $915,000 after buying an additional 14,723 shares during the last quarter. Citadel Advisors LLC raised its stake in LanzaTech Global by 74.1% in the fourth quarter. Citadel Advisors LLC now owns 21,675 shares of the company’s stock valued at $109,000 after buying an additional 9,224 shares during the last quarter. Finally, Pathstone Holdings LLC purchased a new stake in LanzaTech Global during the 4th quarter worth approximately $352,000. Institutional investors own 20.85% of the company’s stock.

About LanzaTech Global

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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.

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