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

Intuitive Machines (NASDAQ:LUNR) had its target price decreased by research analysts at Roth Mkm from $20.00 to $12.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price objective indicates a potential upside of 61.73% from the stock’s current price.

A number of other equities research analysts also recently weighed in on LUNR. Cantor Fitzgerald lifted their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Benchmark boosted their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price on the stock. Bank of America started 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, Canaccord Genuity Group reduced their target price on shares of Intuitive Machines from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.38.

Intuitive Machines Price Performance

LUNR opened at $7.42 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 $17.97 and its two-hundred day moving average price is $12.74. The company has a market capitalization of $1.04 billion, a P/E ratio of -2.52 and a beta of 1.01.

Insider Activity at Intuitive Machines

In other news, insider Steven Vontur sold 4,528 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $2,043,731.20. This represents a 4.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company’s stock in a transaction dated 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 trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 393,659 shares of company stock valued at $7,262,364 over the last ninety days. 73.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FORA Capital LLC acquired a new stake in shares of Intuitive Machines during the 3rd quarter worth $458,000. Geode Capital Management LLC increased its holdings in Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after purchasing an additional 222,136 shares in the last quarter. Van ECK Associates Corp acquired a new stake in Intuitive Machines in the fourth quarter valued at approximately $3,403,000. Entropy Technologies LP acquired a new stake in Intuitive Machines in the fourth quarter valued at approximately $895,000. Finally, Spire Wealth Management purchased a new position in shares of Intuitive Machines during the fourth quarter valued at approximately $469,000. Institutional investors 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.