Intuitive Machines (NASDAQ:LUNR) Receives “Buy” Rating from Benchmark

Benchmark reiterated their buy rating on shares of Intuitive Machines (NASDAQ:LUNR) in a research note published on Tuesday,Benzinga reports. The brokerage currently has a $16.00 price target on the stock.

Other analysts also recently issued reports about the company. Bank of America assumed coverage on Intuitive Machines in a research note on Wednesday, February 5th. They set an “underperform” rating and a $16.00 target price on the stock. Roth Mkm dropped their price objective on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price for the company. Roth Capital set a $20.00 price target on shares of Intuitive Machines in a report on Friday, March 7th. Finally, Canaccord Genuity Group decreased their price objective on shares of Intuitive Machines from $26.00 to $22.00 and set a “buy” rating for the company in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Intuitive Machines presently has an average rating of “Moderate Buy” and an average target price of $16.00.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR opened at $9.20 on Tuesday. The firm’s 50 day moving average price is $15.91 and its 200-day moving average price is $12.96. The company has a market cap of $1.29 billion, a PE ratio of -3.13 and a beta of 1.01. Intuitive Machines has a 52-week low of $3.15 and a 52-week high of $24.95.

Insider Buying and Selling

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

Institutional Trading of Intuitive Machines

Hedge funds have recently bought and sold shares of the stock. PharVision Advisers LLC bought a new position in shares of Intuitive Machines in the fourth quarter worth about $185,000. Voloridge Investment Management LLC purchased a new stake in Intuitive Machines in the 4th quarter worth approximately $3,768,000. Soviero Asset Management LP raised its stake in Intuitive Machines by 65.0% during the 4th quarter. Soviero Asset Management LP now owns 330,000 shares of the company’s stock worth $5,993,000 after acquiring an additional 130,000 shares during the period. Two Sigma Advisers LP purchased a new position in Intuitive Machines during the fourth quarter valued at approximately $4,971,000. Finally, Two Sigma Investments LP bought a new position in shares of Intuitive Machines in the fourth quarter worth approximately $33,255,000. 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.