Roth Mkm Has Lowered Expectations for Intuitive Machines (NASDAQ:LUNR) Stock Price

Intuitive Machines (NASDAQ:LUNR - Free Report) had its target price trimmed by Roth Mkm from $20.00 to $12.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently commented on LUNR. Bank of America started coverage on Intuitive Machines in a research note on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 target price on the stock. Canaccord Genuity Group lowered their price target on Intuitive Machines from $26.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price target on the stock. Roth Capital set a $20.00 price target on Intuitive Machines in a research report on Friday. Finally, Cantor Fitzgerald increased their target price on Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.38.

Intuitive Machines Stock Down 4.4 %

Shares of LUNR opened at $6.48 on Tuesday. Intuitive Machines has a 52 week low of $3.15 and a 52 week high of $24.95. The company has a market capitalization of $909.45 million, a price-to-earnings ratio of -2.20 and a beta of 1.01. The stock's 50-day moving average price is $18.19 and its 200-day moving average price is $12.78.

Insider Activity at Intuitive Machines

In related news, insider Steven Vontur sold 9,266 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was 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 approximately $2,219,760. This trade represents a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the sale, the director now directly owns 3,494,768 shares of the company's stock, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 393,659 shares of company stock valued at $7,262,364. 73.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PharVision Advisers LLC acquired a new stake in Intuitive Machines during the fourth quarter worth $185,000. Voloridge Investment Management LLC acquired a new stake in Intuitive Machines during the fourth quarter worth $3,768,000. Soviero Asset Management LP increased its stake in 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 acquiring an additional 130,000 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in Intuitive Machines during the fourth quarter worth $4,971,000. Finally, Two Sigma Investments LP acquired a new stake in Intuitive Machines during the fourth quarter worth $33,255,000. Institutional investors and hedge funds 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.

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