Intuitive Machines (NASDAQ:LUNR) Stock Price Up 1.4% - Still a Buy?

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s share price was up 1.4% on Wednesday . The company traded as high as $7.24 and last traded at $7.11. Approximately 2,718,679 shares were traded during trading, a decline of 76% from the average daily volume of 11,560,553 shares. The stock had previously closed at $7.01.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Roth Capital set a $20.00 target price on Intuitive Machines in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price target on the stock. Bank of America initiated coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 target price on the stock. Roth Mkm dropped their price target on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Finally, Canaccord Genuity Group lowered 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.38.

Intuitive Machines Stock Down 0.3 %

The company has a market cap of $995.06 million, a price-to-earnings ratio of -2.41 and a beta of 1.01. The firm has a 50 day moving average price of $16.22 and a two-hundred day moving average price of $12.85.

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Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of Intuitive Machines 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 completion of the sale, the insider now directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction that occurred 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 owns 3,494,768 shares in the company, valued at $64,128,992.80. The trade was a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 392,713 shares of company stock valued at $7,250,066. 73.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of Intuitive Machines in the 4th quarter valued at about $44,000. Jones Financial Companies Lllp boosted its holdings in Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock worth $70,000 after acquiring an additional 3,381 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after acquiring an additional 3,300 shares during the period. Ancora Advisors LLC bought a new stake in shares of Intuitive Machines during the fourth quarter valued at approximately $91,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Intuitive Machines during the fourth quarter worth approximately $183,000. 72.21% of the stock is owned by institutional investors.

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.