LanzaTech Global (NASDAQ:LNZA) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of LanzaTech Global (NASDAQ:LNZA) in a research note published on Monday, Benzinga reports. Roth Mkm currently has a $6.00 price target on the stock.

A number of other equities analysts have also recently commented on LNZA. Janney Montgomery Scott began coverage on shares of LanzaTech Global in a research note on Thursday, December 28th. They issued a buy rating and a $10.00 price target for the company. Seaport Res Ptn reiterated a buy rating on shares of LanzaTech Global in a research report on Friday, March 15th.

LanzaTech Global Price Performance

LanzaTech Global stock opened at $3.02 on Monday. The stock has a market cap of $593.85 million, a price-to-earnings ratio of -3.21 and a beta of 1.48. The company has a quick ratio of 6.22, a current ratio of 6.22 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $3.55 and a 200 day simple moving average of $4.37. LanzaTech Global has a 52 week low of $2.57 and a 52 week high of $8.70.

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

Insider Activity at LanzaTech Global

In other LanzaTech Global news, insider Freya Burton sold 50,225 shares of LanzaTech Global stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $3.24, for a total transaction of $162,729.00. Following the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC bought a new stake in shares of LanzaTech Global in the 2nd quarter valued at about $28,000. Citigroup Inc. lifted its position in LanzaTech Global by 1,196.2% in the second quarter. Citigroup Inc. now owns 6,144 shares of the company’s stock valued at $42,000 after purchasing an additional 5,670 shares during the last quarter. California State Teachers Retirement System bought a new stake in LanzaTech Global in the second quarter valued at approximately $47,000. Deutsche Bank AG boosted its stake in shares of LanzaTech Global by 544.3% during the third quarter. Deutsche Bank AG now owns 10,869 shares of the company’s stock valued at $51,000 after purchasing an additional 9,182 shares during the period. Finally, Putnam Investments LLC bought a new position in shares of LanzaTech Global in the fourth quarter worth approximately $55,000. 17.76% of the stock is owned by institutional investors.

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.