Intuitive Machines (NASDAQ:LUNR) Given New $21.00 Price Target at Canaccord Genuity Group

Intuitive Machines (NASDAQ:LUNR) had its price objective decreased by Canaccord Genuity Group from $22.00 to $21.00 in a research note released on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price target on the stock. Benchmark reiterated a “buy” rating and issued a $16.00 target price on shares of Intuitive Machines in a report on Tuesday. Bank of America assumed coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target for the company. Roth Mkm lowered their price objective on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Finally, Roth Capital set a $20.00 price objective on shares of Intuitive Machines in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Intuitive Machines currently has an average rating of “Moderate Buy” and an average target price of $16.00.

Intuitive Machines Trading Down 0.2 %

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 firm has a market capitalization of $1.29 billion, a P/E ratio of -3.13 and a beta of 1.01. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95.

Insiders Place Their Bets

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines 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 directly 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 legal 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 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 position. The disclosure for this sale can be found here. Insiders have sold 392,713 shares of company stock valued at $7,250,066 in the last three months. 73.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

Several large investors have recently made changes to their positions in LUNR. Quarry LP bought a new position in Intuitive Machines during the fourth quarter valued at about $44,000. Jones Financial Companies Lllp boosted its stake in Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after acquiring an additional 3,381 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Intuitive Machines in the third quarter valued at about $85,000. Steward Partners Investment Advisory LLC grew its position in shares of Intuitive Machines by 201.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock valued at $90,000 after acquiring an additional 3,300 shares during the period. Finally, Ancora Advisors LLC purchased a new stake in shares of Intuitive Machines during the 4th quarter worth approximately $91,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.