LanzaTech Global (NASDAQ:LNZA) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded LanzaTech Global to a 'hold', but analyst sentiment remains mixed with a consensus rating of 'Reduce' and an average price target of $14 (two Holds, one Sell).
• In the most recent quarter LanzaTech reported EPS of ($0.04) and revenue of $28.0M, materially beating consensus EPS of ($6.47) and revenue estimates of $12.2M.
• Shares opened at $24.78 with a market cap around $250M, trading above the $14 average target; the 52‑week range is $7.88–$71.19 and the 50/200‑day moving averages are $19.02 and $16.72.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) was upgraded by Wall Street Zen to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also issued reports on LNZA. Weiss Ratings restated a "sell (e+)" rating on shares of LanzaTech Global in a research note on Tuesday, April 21st. Zacks Research upgraded LanzaTech Global to a "hold" rating in a research report on Wednesday, April 1st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, LanzaTech Global presently has a consensus rating of "Reduce" and an average price target of $14.00.

LanzaTech Global Price Performance

NASDAQ LNZA opened at $24.78 on Friday. The firm has a market capitalization of $250.03 million and a price-to-earnings ratio of -2.69. The company's fifty day moving average is $19.02 and its two-hundred day moving average is $16.72. LanzaTech Global has a 52-week low of $7.88 and a 52-week high of $71.19.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($6.47) by $6.43. The company had revenue of $28.00 million for the quarter, compared to the consensus estimate of $12.20 million. As a group, sell-side analysts expect that LanzaTech Global will post -7.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LanzaTech Global

A number of hedge funds and other institutional investors have recently made changes to their positions in LNZA. DRW Securities LLC acquired a new stake in shares of LanzaTech Global during the 4th quarter valued at about $160,000. Qube Research & Technologies Ltd acquired a new position in LanzaTech Global in the second quarter worth about $27,000. XTX Topco Ltd lifted its stake in 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 stake in LanzaTech Global by 1,045.1% during the first 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 period. Finally, Marshall Wace LLP acquired a new stake in LanzaTech Global during the second quarter valued at approximately $82,000. 17.76% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.