Intuitive Machines, Inc. (NASDAQ:LUNR) Receives $16.14 Average Target Price from Analysts

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.14.

Several brokerages recently issued reports on LUNR. Cantor Fitzgerald lifted their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft began 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 upped their price objective on Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Bank of America initiated coverage on Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price objective on the stock. Finally, Canaccord Genuity Group boosted their target price on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th.

Intuitive Machines Stock Up 4.8 %

Shares of LUNR stock traded up $0.64 on Friday, hitting $14.11. The stock had a trading volume of 10,132,238 shares, compared to its average volume of 13,672,434. The company has a market cap of $1.98 billion, a PE ratio of -4.80 and a beta of 1.01. The business has a 50 day moving average price of $19.07 and a 200 day moving average price of $12.63. Intuitive Machines has a one year low of $3.15 and a one year high of $24.95.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines 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 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 document filed with the SEC, which is available through this hyperlink. Also, insider Steven Vontur sold 9,266 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $22.50, for a total value of $208,485.00. Following the completion of the sale, the insider now owns 98,656 shares of the company's stock, valued at $2,219,760. This trade represents a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 393,659 shares of company stock worth $7,262,364. Insiders own 73.68% of the company's stock.

Institutional Trading of Intuitive Machines

Several institutional investors have recently made changes to their positions in the company. Tealwood Asset Management Inc. raised its position in Intuitive Machines by 4.5% in the fourth quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company's stock valued at $380,000 after purchasing an additional 900 shares during the period. Invesco Ltd. raised its holdings in Intuitive Machines by 8.3% in the 4th quarter. Invesco Ltd. now owns 13,449 shares of the company's stock valued at $244,000 after buying an additional 1,026 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Intuitive Machines by 10.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,187 shares of the company's stock worth $312,000 after buying an additional 1,566 shares during the period. Quarry LP acquired a new stake in shares of Intuitive Machines during the fourth quarter valued at about $44,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Intuitive Machines by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company's stock worth $1,285,000 after purchasing an additional 2,499 shares during the period. Hedge funds and other institutional investors own 72.21% of the company's stock.

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.