Intuitive Machines’ (LUNR) Buy Rating Reiterated at Benchmark

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

A number of other brokerages also recently commented on LUNR. Canaccord Genuity Group lowered their price objective on Intuitive Machines from $26.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target for the company. Roth Mkm reduced their price objective on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Bank of America began coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They set an “underperform” rating and a $16.00 target price for the company. Finally, Roth Capital set a $20.00 price target on Intuitive Machines in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Machines currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Intuitive Machines Stock Down 5.9 %

Intuitive Machines stock opened at $8.27 on Tuesday. Intuitive Machines has a 52-week low of $3.15 and a 52-week high of $24.95. The firm has a market cap of $1.16 billion, a PE ratio of -2.81 and a beta of 1.01. The company’s 50 day moving average is $15.49 and its two-hundred day moving average is $12.90.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.12. The company had revenue of $54.66 million during the quarter, compared to analyst estimates of $72.58 million. On average, equities research analysts anticipate that Intuitive Machines will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the transaction, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven Vontur sold 4,528 shares of the business’s stock in a transaction dated 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 $2,043,731.20. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 391,767 shares of company stock worth $7,233,038 in the last ninety days. 73.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently modified their holdings of the company. Tealwood Asset Management Inc. raised its position in Intuitive Machines by 4.5% in the 4th quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company’s stock valued at $380,000 after purchasing an additional 900 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Intuitive Machines by 8.3% in the fourth quarter. Invesco Ltd. now owns 13,449 shares of the company’s stock valued at $244,000 after buying an additional 1,026 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Intuitive Machines by 10.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,187 shares of the company’s stock worth $312,000 after buying an additional 1,566 shares during the period. Quarry LP purchased a new position in shares of Intuitive Machines during the fourth quarter worth about $44,000. Finally, Bank of New York Mellon Corp increased its position in Intuitive Machines by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company’s stock valued at $1,285,000 after acquiring an additional 2,499 shares during the period. 72.21% of the stock is owned by institutional investors and hedge funds.

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.