Intuitive Machines (NASDAQ:LUNR) Earns Underperform Rating from Analysts at Bank of America

Analysts at Bank of America began coverage on shares of Intuitive Machines (NASDAQ:LUNR - Get Free Report) in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage set an "underperform" rating and a $16.00 price target on the stock. Bank of America's price objective indicates a potential downside of 13.04% from the company's current price.

Several other analysts have also recently weighed in on the stock. Benchmark increased their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Cantor Fitzgerald increased their price objective on Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Canaccord Genuity Group lifted their target price on Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.83.

Intuitive Machines Stock Performance

Shares of LUNR stock traded down $0.99 on Wednesday, hitting $18.40. 11,630,130 shares of the stock traded hands, compared to its average volume of 12,584,175. Intuitive Machines has a twelve month low of $3.15 and a twelve month high of $24.95. The stock has a market capitalization of $2.58 billion, a PE ratio of -6.26 and a beta of 0.92. The firm's 50-day moving average price is $17.57 and its two-hundred day moving average price is $10.94.

Insiders Place Their Bets

In other Intuitive Machines news, insider Steven Vontur sold 9,266 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the sale, the insider now directly owns 98,656 shares in the company, valued at $2,219,760. This represents a 8.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 3,494,768 shares of the company's stock, valued at $64,128,992.80. This represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,367,104 shares of company stock worth $19,912,186 over the last ninety days. Corporate insiders own 73.68% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its position in shares of Intuitive Machines by 751.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock worth $70,000 after purchasing an additional 3,381 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in Intuitive Machines during the 3rd quarter worth about $83,000. The Manufacturers Life Insurance Company purchased a new stake in Intuitive Machines during the 3rd quarter worth about $85,000. Steward Partners Investment Advisory LLC boosted 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 worth $90,000 after acquiring an additional 3,300 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Intuitive Machines in the 3rd quarter valued at about $93,000. 72.21% of the stock is owned by institutional investors and hedge funds.

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.