Benchmark Issues Positive Forecast for Intuitive Machines (NASDAQ:LUNR) Stock Price

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

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

Intuitive Machines Stock Down 6.0 %

NASDAQ LUNR opened at $11.68 on Friday. 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 $1.50 billion, a PE ratio of -3.97 and a beta of 0.35. The firm’s 50 day moving average is $8.02 and its 200-day moving average is $5.72.

Insider Buying and Selling at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 197,637 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $6.05, for a total value of $1,195,703.85. Following the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at approximately $2,195,000.50. This represents a 35.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven Vontur sold 10,274 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total value of $57,328.92. Following the transaction, the chief financial officer now owns 117,500 shares in the company, valued at approximately $655,650. This trade represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,763,571 shares of company stock worth $38,671,383 over the last ninety days. Insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors have recently modified their holdings of the business. Wedbush Securities Inc. bought a new position in Intuitive Machines during the second quarter worth about $35,000. Sender Co & Partners Inc. acquired a new position in shares of Intuitive Machines during the 2nd quarter worth approximately $56,000. Waldron Private Wealth LLC acquired a new position in shares of Intuitive Machines during the 3rd quarter worth approximately $83,000. The Manufacturers Life Insurance Company acquired a new position in shares of Intuitive Machines during the 3rd quarter worth approximately $85,000. Finally, SG Americas Securities LLC acquired a new position in shares of Intuitive Machines during the 3rd quarter worth approximately $93,000. 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.