Benchmark Reiterates "Buy" Rating for Intuitive Machines (NASDAQ:LUNR)

Benchmark reiterated their buy rating on shares of Intuitive Machines (NASDAQ:LUNR - Free Report) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $16.00 price objective on the stock.

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

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Intuitive Machines Stock Down 2.4 %

Shares of NASDAQ LUNR traded down $0.20 during mid-day trading on Tuesday, hitting $8.07. 7,242,922 shares of the company were exchanged, compared to its average volume of 11,795,965. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -2.74 and a beta of 1.01. The stock has a 50 day simple moving average of $15.28 and a 200-day simple moving average of $12.92. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million during the quarter, compared to analyst estimates of $72.58 million. Analysts anticipate that Intuitive Machines will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Intuitive Machines

In related news, insider Steven Vontur sold 4,528 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the sale, the insider now owns 104,272 shares of the company's stock, valued at approximately $2,043,731.20. This represents a 4.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm's stock in a transaction on 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. The trade was a 9.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 391,767 shares of company stock valued at $7,233,038. Insiders own 73.68% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LUNR. PharVision Advisers LLC purchased a new position in shares of Intuitive Machines during the fourth quarter valued at approximately $185,000. Voloridge Investment Management LLC purchased a new position in shares of Intuitive Machines during the 4th quarter worth $3,768,000. Soviero Asset Management LP boosted its holdings in shares of Intuitive Machines by 65.0% during the fourth quarter. Soviero Asset Management LP now owns 330,000 shares of the company's stock worth $5,993,000 after purchasing an additional 130,000 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Intuitive Machines in the fourth quarter valued at $4,971,000. Finally, Two Sigma Investments LP acquired a new position in Intuitive Machines in the fourth quarter valued at $33,255,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.