Intuitive Machines (NASDAQ:LUNR) Price Target Raised to $15.00

Intuitive Machines (NASDAQ:LUNR) had its price objective raised by Cantor Fitzgerald from $10.00 to $15.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently issued reports on LUNR. B. Riley boosted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Benchmark reaffirmed a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, Roth Mkm reiterated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $13.10.

Intuitive Machines Stock Up 21.4 %

Shares of LUNR stock opened at $12.42 on Friday. The stock has a market cap of $1.60 billion, a PE ratio of -4.22 and a beta of 0.35. The business has a 50-day simple moving average of $8.02 and a 200-day simple moving average of $5.71. Intuitive Machines has a 52-week low of $2.09 and a 52-week high of $14.90.

Insiders Place Their Bets

In other Intuitive Machines news, 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 transaction of $57,328.92. Following the completion of the transaction, the chief financial officer now owns 117,500 shares of the company’s stock, valued at $655,650. This represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen J. Altemus sold 138,568 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $11.10, for a total value of $1,538,104.80. Following the transaction, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $10,111,200.90. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,763,571 shares of company stock worth $38,671,383. 73.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds have recently made changes to their positions in the company. Wedbush Securities Inc. acquired a new position in shares of Intuitive Machines during the second quarter valued at approximately $35,000. Sender Co & Partners Inc. acquired a new position in shares of Intuitive Machines during the second quarter valued at approximately $56,000. Waldron Private Wealth LLC acquired a new position in shares of Intuitive Machines during the third quarter valued at approximately $83,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Intuitive Machines in the third quarter valued at approximately $85,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Intuitive Machines in the third quarter valued at approximately $93,000. Institutional investors and hedge funds 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.