Intuitive Machines (NASDAQ:LUNR) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Equities research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines (NASDAQ:LUNR) in a research report issued on Tuesday,Briefing.com Automated Import reports. The firm set a “hold” rating and a $18.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 6.07% from the stock’s previous close.

LUNR has been the topic of several other research reports. Cantor Fitzgerald boosted 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. Canaccord Genuity Group boosted their target price on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Bank of America assumed coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price on the stock. Finally, Benchmark upped their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.14.

Intuitive Machines Price Performance

LUNR opened at $16.97 on Tuesday. Intuitive Machines has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The firm’s fifty day moving average price is $19.00 and its two-hundred day moving average price is $12.17. The company has a market capitalization of $2.38 billion, a P/E ratio of -5.77 and a beta of 0.92.

Insider Activity at Intuitive Machines

In other news, 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 completion of the sale, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven Vontur sold 4,528 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 of the company’s stock, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 771,632 shares of company stock worth $12,947,078. 73.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Intuitive Machines in the 4th quarter valued at approximately $44,000. Jones Financial Companies Lllp boosted its holdings in shares of Intuitive Machines by 751.3% in the 4th 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. Steward Partners Investment Advisory LLC raised its stake 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 valued at $90,000 after acquiring an additional 3,300 shares during the period. Ancora Advisors LLC bought a new stake in Intuitive Machines in the 4th quarter valued at $91,000. Finally, Victory Capital Management Inc. bought a new stake in Intuitive Machines in the 4th quarter valued at $183,000. 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.