LanzaTech Global (NASDAQ:LNZA) Stock Price Up 3.5%

LanzaTech Global, Inc. (NASDAQ:LNZA) traded up 3.5% during trading on Monday . The stock traded as high as $3.21 and last traded at $3.21. 21,426 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 264,864 shares. The stock had previously closed at $3.10.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LNZA shares. Janney Montgomery Scott initiated coverage on shares of LanzaTech Global in a research report on Thursday, December 28th. They set a “buy” rating and a $10.00 price objective on the stock. Seaport Res Ptn reaffirmed a “buy” rating on shares of LanzaTech Global in a research note on Friday, March 15th. Finally, Roth Mkm restated a “buy” rating and set a $6.00 target price on shares of LanzaTech Global in a report on Monday, March 25th.

LanzaTech Global Trading Up 4.0 %

The firm has a market cap of $609.58 million, a P/E ratio of -3.30 and a beta of 1.46. The company’s 50 day moving average is $3.22 and its two-hundred day moving average is $3.99. 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) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. LanzaTech Global had a negative return on equity of 95.22% and a negative net margin of 214.11%. The firm had revenue of $20.46 million during the quarter, compared to analysts’ expectations of $36.50 million. On average, sell-side analysts predict that LanzaTech Global, Inc. will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In other LanzaTech Global news, insider Freya Burton sold 50,225 shares of LanzaTech Global stock in a transaction 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 sale, the insider now owns 39,846 shares in the company, valued at $129,101.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LNZA. Barclays PLC bought a new stake in LanzaTech Global during the second quarter worth about $28,000. Citigroup Inc. boosted its holdings in shares of LanzaTech Global by 1,196.2% in the 2nd quarter. Citigroup Inc. now owns 6,144 shares of the company’s stock worth $42,000 after acquiring an additional 5,670 shares in the last quarter. California State Teachers Retirement System bought a new stake in LanzaTech Global during the 2nd quarter worth approximately $47,000. Wells Fargo & Company MN acquired a new stake in LanzaTech Global during the 2nd quarter valued at $62,000. Finally, Deutsche Bank AG raised its position in LanzaTech Global by 544.3% in the 3rd 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 last quarter. 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.