Benchmark Reiterates “Buy” Rating for Intuitive Machines (NASDAQ:LUNR)

Benchmark reissued their buy rating on shares of Intuitive Machines (NASDAQ:LUNR) in a report released on Tuesday morning,Benzinga reports. They currently have a $16.00 price objective on the stock.

LUNR has been the subject of a number of other reports. Roth Capital set a $20.00 price objective on shares of Intuitive Machines in a report on Friday, March 7th. Canaccord Genuity Group dropped their price objective on shares of Intuitive Machines from $26.00 to $22.00 and set a “buy” rating for the company in a report on Friday, March 7th. 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. Bank of America assumed coverage on Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 target price for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Intuitive Machines presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Intuitive Machines Trading Down 0.2 %

NASDAQ:LUNR opened at $9.20 on Tuesday. The stock has a 50-day moving average price of $15.91 and a 200 day moving average price of $12.96. The stock has a market capitalization of $1.29 billion, a P/E ratio of -3.13 and a beta of 1.01. Intuitive Machines has a 12-month low of $3.15 and a 12-month high of $24.95.

Insider Activity

In other Intuitive Machines news, insider Steven Vontur sold 9,266 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the transaction, the insider now owns 98,656 shares in the company, valued at $2,219,760. The trade was a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction 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 approximately $64,128,992.80. This represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 392,713 shares of company stock valued at $7,250,066. 73.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. PharVision Advisers LLC bought a new stake in shares of Intuitive Machines during the 4th quarter worth approximately $185,000. Voloridge Investment Management LLC purchased a new stake in Intuitive Machines in the fourth quarter worth $3,768,000. Soviero Asset Management LP increased its stake in Intuitive Machines by 65.0% in the fourth quarter. Soviero Asset Management LP now owns 330,000 shares of the company’s stock worth $5,993,000 after purchasing an additional 130,000 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Intuitive Machines during the fourth quarter valued at $4,971,000. Finally, Two Sigma Investments LP bought a new position in shares of Intuitive Machines in the fourth quarter worth about $33,255,000. 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.