Intuitive Machines (NASDAQ:LUNR) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines (NASDAQ:LUNR) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a hold rating and a $18.00 price objective on the stock.

Several other research firms also recently commented on LUNR. Canaccord Genuity Group boosted their target price on Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Benchmark upped their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Cantor Fitzgerald raised their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Bank of America initiated coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Intuitive Machines presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.14.

Intuitive Machines Stock Down 9.3 %

Shares of LUNR opened at $15.40 on Tuesday. The stock has a market cap of $2.16 billion, a P/E ratio of -5.24 and a beta of 0.92. The business’s 50 day moving average price is $19.03 and its 200-day moving average price is $12.25. Intuitive Machines has a 52 week low of $3.15 and a 52 week high of $24.95.

Insider Buying and Selling

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the sale, the director now owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the sale, the insider now directly owns 104,272 shares of the company’s stock, valued at approximately $2,043,731.20. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 771,632 shares of company stock worth $12,947,078. 73.68% of the stock is owned by corporate insiders.

Institutional Trading of Intuitive Machines

A number of hedge funds have recently bought and sold shares of the company. Tealwood Asset Management Inc. boosted its position in Intuitive Machines by 4.5% in the fourth quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company’s stock worth $380,000 after purchasing an additional 900 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Intuitive Machines by 8.3% in the 4th quarter. Invesco Ltd. now owns 13,449 shares of the company’s stock worth $244,000 after purchasing an additional 1,026 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Intuitive Machines by 10.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,187 shares of the company’s stock worth $312,000 after buying an additional 1,566 shares during the last quarter. Quarry LP purchased a new position in shares of Intuitive Machines in the fourth quarter worth approximately $44,000. Finally, Bank of New York Mellon Corp grew its position in Intuitive Machines by 3.7% during the fourth quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company’s stock valued at $1,285,000 after buying an additional 2,499 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

About Intuitive Machines

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.