Intuitive Machines (NASDAQ:LUNR) Price Target Raised to $16.00

Intuitive Machines (NASDAQ:LUNR) had its price objective hoisted by Benchmark from $10.00 to $16.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently commented on LUNR. Roth Mkm reissued a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald upped their price target on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday. Finally, B. Riley upped their price target on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $13.10.

Intuitive Machines Trading Up 21.4 %

Intuitive Machines stock opened at $12.42 on Friday. The business’s fifty day simple moving average is $8.02 and its two-hundred day simple moving average is $5.71. Intuitive Machines has a 12 month low of $2.09 and a 12 month high of $14.90. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -4.22 and a beta of 0.35.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40. Following the completion of the sale, the director now owns 3,551,606 shares in the company, valued at $21,593,764.48. This represents a 13.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Timothy Price Crain II sold 400,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total value of $4,840,000.00. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at approximately $4,390,001. The trade was a 52.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,763,571 shares of company stock valued at $38,671,383. 73.68% of the stock is owned by company insiders.

Institutional Trading of Intuitive Machines

Several institutional investors have recently made changes to their positions in LUNR. Wedbush Securities Inc. purchased a new stake in shares of Intuitive Machines during the second quarter worth about $35,000. Sender Co & Partners Inc. purchased a new stake in shares of Intuitive Machines during the second quarter worth about $56,000. Waldron Private Wealth LLC purchased a new stake in shares of Intuitive Machines during the third quarter worth about $83,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Intuitive Machines during the third quarter worth about $85,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Intuitive Machines during the third quarter worth about $93,000. 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.