Intuitive Machines (NASDAQ:LUNR) Given Buy Rating at Benchmark

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Benchmark in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $16.00 price objective on the stock. Benchmark’s price target indicates a potential upside of 76.66% from the company’s current price.

Several other research firms have also commented on LUNR. Roth Capital set a $20.00 target price on Intuitive Machines in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They set a “hold” rating and a $18.00 price objective for the company. Canaccord Genuity Group decreased their target price on shares of Intuitive Machines from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. 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. Finally, Roth Mkm cut their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Machines has an average rating of “Moderate Buy” and an average price target of $16.38.

Intuitive Machines Stock Performance

Shares of LUNR opened at $9.06 on Tuesday. Intuitive Machines has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The company has a market capitalization of $1.27 billion, a PE ratio of -3.08 and a beta of 1.01. The stock has a fifty day moving average of $16.06 and a two-hundred day moving average of $12.93.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.35, for a total value 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 trade represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven Vontur sold 4,528 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the transaction, the insider now owns 104,272 shares in the company, valued at approximately $2,043,731.20. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 392,713 shares of company stock valued at $7,250,066 over the last ninety days. Corporate insiders own 73.68% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP acquired a new position in shares of Intuitive Machines during the fourth quarter worth $33,255,000. D. E. Shaw & Co. Inc. increased 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 worth $21,102,000 after buying an additional 1,133,581 shares during the period. Vanguard Group Inc. lifted its holdings in Intuitive Machines by 33.6% in the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock worth $73,503,000 after buying an additional 1,017,706 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Intuitive Machines by 99.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after buying an additional 609,118 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in Intuitive Machines in 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.