LanzaTech Global (NASDAQ:LNZA – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.
Several other research firms have also weighed in on LNZA. Weiss Ratings reiterated a “sell (e+)” rating on shares of LanzaTech Global in a research note on Tuesday, April 21st. Wall Street Zen upgraded LanzaTech Global to a “hold” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.00.
Read Our Latest Stock Report on LNZA
LanzaTech Global Price Performance
LanzaTech Global (NASDAQ:LNZA – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($1.77) earnings per share for the quarter, topping the consensus estimate of ($2.88) by $1.11. The firm had revenue of $12.02 million for the quarter, compared to analyst estimates of $12.10 million. LanzaTech Global had a negative net margin of 76.05% and a negative return on equity of 1,268.15%. As a group, sell-side analysts expect that LanzaTech Global will post -3.73 earnings per share for the current year.
Institutional Trading of LanzaTech Global
Several institutional investors have recently modified their holdings of LNZA. Qube Research & Technologies Ltd acquired a new stake in shares of LanzaTech Global in the second quarter valued at $27,000. AQR Capital Management LLC lifted its holdings in shares of 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 buying an additional 168,247 shares during the period. XTX Topco Ltd lifted its holdings in shares of 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 buying an additional 149,576 shares during the period. Marshall Wace LLP acquired a new stake in shares of LanzaTech Global in the second quarter valued at $82,000. Finally, DRW Securities LLC acquired a new stake in shares of LanzaTech Global in the fourth quarter valued at $160,000. Institutional investors and hedge funds own 17.76% of the company’s stock.
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.
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