Benchmark Increases Intuitive Machines (NASDAQ:LUNR) Price Target to $16.00

Intuitive Machines (NASDAQ:LUNR - Get Free Report) had its price target boosted by investment analysts at Benchmark from $10.00 to $16.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Benchmark's target price points to a potential upside of 28.82% from the stock's current price.

Several other equities research analysts have also weighed in on the stock. Cantor Fitzgerald increased their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday. Roth Mkm reiterated a "buy" rating and set a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, B. Riley upped their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $13.10.

Intuitive Machines Trading Up 21.4 %

NASDAQ:LUNR traded up $2.19 on Friday, reaching $12.42. The stock had a trading volume of 37,532,012 shares, compared to its average volume of 9,480,033. The company has a 50-day moving average of $7.87 and a 200 day moving average of $5.66. The stock has a market cap of $1.60 billion, a P/E ratio of -13.99 and a beta of 0.35. Intuitive Machines has a 12-month low of $2.09 and a 12-month high of $14.90.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. On average, equities analysts predict that Intuitive Machines will post 0.47 EPS for the current year.

Insider Buying and Selling

In other Intuitive Machines news, CFO Steven Vontur sold 10,274 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total value of $57,328.92. Following the completion of the sale, the chief financial officer now owns 117,500 shares in the company, valued at $655,650. This represents a 8.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Timothy Price Crain II sold 197,637 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $6.05, for a total transaction of $1,195,703.85. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company's stock, valued at approximately $2,195,000.50. The trade was a 35.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,763,571 shares of company stock worth $38,671,383. Corporate insiders own 73.68% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp grew its stake in Intuitive Machines by 1.3% in the 3rd quarter. State Street Corp now owns 576,051 shares of the company's stock valued at $4,637,000 after buying an additional 7,538 shares during the last quarter. Stifel Financial Corp acquired a new position in Intuitive Machines in the 3rd quarter valued at $525,000. FORA Capital LLC acquired a new position in Intuitive Machines in the 3rd quarter valued at $458,000. MetLife Investment Management LLC acquired a new position in Intuitive Machines in the 3rd quarter valued at $138,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Intuitive Machines in the 3rd quarter valued at $85,000. 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.