Intuitive Machines (NASDAQ:LUNR) Price Target Lowered to $12.00 at Roth Mkm

Intuitive Machines (NASDAQ:LUNR - Get Free Report) had its price target dropped by Roth Mkm from $20.00 to $12.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Roth Mkm's target price suggests a potential upside of 61.40% from the company's current price.

LUNR has been the subject of a number of other research reports. Canaccord Genuity Group decreased their price target on shares of Intuitive Machines from $26.00 to $22.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Benchmark raised their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Cantor Fitzgerald upped their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Bank of America assumed coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.38.

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Intuitive Machines Trading Up 14.7 %

NASDAQ LUNR traded up $0.96 during mid-day trading on Tuesday, reaching $7.44. 18,135,077 shares of the company's stock traded hands, compared to its average volume of 15,726,071. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95. The company has a fifty day simple moving average of $18.19 and a 200-day simple moving average of $12.78. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -2.53 and a beta of 1.01.

Insider Activity

In related news, insider Steven Vontur sold 4,528 shares of the business'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 transaction of $88,748.80. Following the completion of the transaction, the insider now owns 104,272 shares in the company, valued at $2,043,731.20. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the 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 completion of the sale, the director now directly owns 3,494,768 shares in the company, valued at $64,128,992.80. This represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 393,659 shares of company stock valued at $7,262,364. Company insiders own 73.68% of the company's stock.

Institutional Trading of Intuitive Machines

Large investors have recently modified their holdings of the company. Quarry LP acquired a new position in Intuitive Machines during the 4th quarter valued at about $44,000. Jones Financial Companies Lllp raised its holdings in shares of Intuitive Machines by 751.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after buying an additional 3,381 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Intuitive Machines during the third quarter worth approximately $85,000. Steward Partners Investment Advisory LLC grew its holdings in Intuitive Machines by 201.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock worth $90,000 after buying an additional 3,300 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in Intuitive Machines in the 4th quarter valued at approximately $91,000. Institutional investors and hedge funds own 72.21% of the company's stock.

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.