Intuitive Machines (NASDAQ:LUNR) Given New $13.00 Price Target at Cantor Fitzgerald

Intuitive Machines (NASDAQ:LUNR) had its price objective cut by Cantor Fitzgerald from $15.00 to $13.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also weighed in on LUNR. Roth Mkm lowered their price target on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Bank of America started coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 target price on the stock. Roth Capital set a $20.00 price target on shares of Intuitive Machines in a research note on Friday, March 7th. Benchmark restated a “buy” rating and set a $16.00 price objective on shares of Intuitive Machines in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Intuitive Machines Price Performance

Shares of NASDAQ LUNR opened at $9.20 on Tuesday. The business has a 50-day moving average of $15.91 and a 200-day moving average of $12.96. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -3.13 and a beta of 1.01. Intuitive Machines has a fifty-two week low of $3.15 and a fifty-two week high of $24.95.

Insider Transactions at Intuitive Machines

In other news, insider Steven Vontur sold 4,528 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the transaction, the insider now owns 104,272 shares in the company, valued at approximately $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction on 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 owns 3,494,768 shares of the company’s stock, valued at $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. In the last 90 days, insiders sold 392,713 shares of company stock worth $7,250,066. 73.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently modified their holdings of LUNR. Quarry LP acquired a new stake in Intuitive Machines in the 4th quarter worth about $44,000. Jones Financial Companies Lllp boosted its stake in shares of Intuitive Machines by 751.3% in the fourth 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 period. Steward Partners Investment Advisory LLC grew its position in Intuitive Machines by 201.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after buying an additional 3,300 shares in the last quarter. Ancora Advisors LLC bought a new position in Intuitive Machines during the 4th quarter worth $91,000. Finally, Victory Capital Management Inc. bought a new position in Intuitive Machines during the 4th quarter worth $183,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.