Intuitive Machines (NASDAQ:LUNR) Price Target Lowered to $13.00 at Cantor Fitzgerald

Intuitive Machines (NASDAQ:LUNR) had its price objective reduced by Cantor Fitzgerald from $15.00 to $13.00 in a report issued on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also weighed in on LUNR. Roth Mkm lowered their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Benchmark reissued a “buy” rating and issued a $16.00 target price on shares of Intuitive Machines in a research note on Tuesday. Roth Capital set a $20.00 target price on Intuitive Machines in a research report on Friday, March 7th. Bank of America began coverage on Intuitive Machines in a report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target on the stock. Finally, Canaccord Genuity Group dropped their price objective on Intuitive Machines from $22.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Intuitive Machines presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Intuitive Machines Stock Down 0.2 %

Shares of NASDAQ:LUNR opened at $9.20 on Tuesday. Intuitive Machines has a 12 month low of $3.15 and a 12 month high of $24.95. The firm has a market cap of $1.29 billion, a P/E ratio of -3.13 and a beta of 1.01. The company’s 50-day moving average price is $15.91 and its two-hundred day moving average price is $12.96.

Insider Transactions at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the sale, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven Vontur sold 9,266 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $22.50, for a total value of $208,485.00. Following the completion of the transaction, the insider now directly owns 98,656 shares of the company’s stock, valued at approximately $2,219,760. The trade was a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 392,713 shares of company stock worth $7,250,066. 73.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuitive Machines

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

Intuitive Machines Company Profile

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.