Intuitive Machines (NASDAQ:LUNR) Price Target Cut to $12.00 by Analysts at Roth Mkm

Intuitive Machines (NASDAQ:LUNR) had its price target cut by Roth Mkm from $20.00 to $12.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

LUNR has been the subject of a number of other research reports. Cantor Fitzgerald boosted their price objective on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Roth Capital set a $20.00 target price on Intuitive Machines in a report on Friday. Bank of America started coverage on Intuitive Machines in a report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price for the company. Canaccord Genuity Group lowered their target price on Intuitive Machines from $26.00 to $22.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intuitive Machines has a consensus rating of “Moderate Buy” and a consensus price target of $16.38.

Intuitive Machines Stock Down 4.4 %

LUNR opened at $6.48 on Tuesday. The business has a fifty day moving average of $18.19 and a 200 day moving average of $12.78. Intuitive Machines has a 52-week low of $3.15 and a 52-week high of $24.95. The stock has a market cap of $909.45 million, a P/E ratio of -2.20 and a beta of 1.01.

Insider Transactions at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. This represents a 9.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven Vontur sold 4,528 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total value of $88,748.80. Following the transaction, the insider now directly owns 104,272 shares in the company, valued at $2,043,731.20. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 393,659 shares of company stock valued at $7,262,364. Corporate insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Several large investors have recently added to or reduced their stakes in LUNR. Two Sigma Investments LP purchased a new stake in Intuitive Machines during the 4th quarter valued at about $33,255,000. D. E. Shaw & Co. Inc. grew its stake in Intuitive Machines by 3,991.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock valued at $21,102,000 after purchasing an additional 1,133,581 shares during the last quarter. Vanguard Group Inc. grew its stake in Intuitive Machines by 33.6% during the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock valued at $73,503,000 after purchasing an additional 1,017,706 shares during the last quarter. Renaissance Technologies LLC grew its stake in Intuitive Machines by 99.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock valued at $22,170,000 after purchasing an additional 609,118 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in Intuitive Machines during the 4th quarter valued at about $9,133,000. 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.