LanzaTech Global (NASDAQ:LNZA) Shares Gap Up to $3.16

LanzaTech Global, Inc. (NASDAQ:LNZA - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $3.16, but opened at $3.25. LanzaTech Global shares last traded at $3.23, with a volume of 20,008 shares traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of LanzaTech Global in a report on Thursday, December 28th. They set a "buy" rating and a $10.00 price objective on the stock. Seaport Res Ptn restated a "buy" rating on shares of LanzaTech Global in a report on Friday, March 15th. Finally, Roth Mkm reissued a "buy" rating and issued a $6.00 target price on shares of LanzaTech Global in a research note on Monday, March 25th.

LanzaTech Global Stock Performance

The firm has a market cap of $643.01 million, a P/E ratio of -3.49 and a beta of 1.46. The stock's 50 day moving average is $3.33 and its two-hundred day moving average is $4.09. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.22 and a quick ratio of 6.22.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) last posted its earnings results 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 business had revenue of $20.46 million for the quarter, compared to analysts' expectations 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 predict that LanzaTech Global, Inc. will post -0.43 EPS for the current year.

Insider Buying and Selling at LanzaTech Global

In other LanzaTech Global news, insider Freya Burton sold 50,225 shares of the business'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 transaction, the insider now directly owns 39,846 shares in the company, valued at $129,101.04. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hedge Funds Weigh In On LanzaTech Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in LanzaTech Global by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,962,096 shares of the company's stock valued at $29,989,000 after buying an additional 46,249 shares in the last quarter. BlackRock Inc. acquired a new position in LanzaTech Global in the second quarter valued at about $14,197,000. Invesco Ltd. boosted its position in LanzaTech Global by 14,760.6% in the third quarter. Invesco Ltd. now owns 1,565,569 shares of the company's stock valued at $7,311,000 after buying an additional 1,555,034 shares in the last quarter. Dumac Inc. acquired a new position in LanzaTech Global in the third quarter valued at about $4,899,000. Finally, Geode Capital Management LLC acquired a new position in shares of LanzaTech Global during the second quarter worth approximately $5,914,000. 17.76% of the stock is currently owned by institutional investors and hedge funds.

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.