Intuitive Machines (NASDAQ:LUNR) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines (NASDAQ:LUNR) in a research note released on Tuesday morning, MarketBeat.com reports. The firm issued a hold rating and a $18.00 price objective on the stock.

LUNR has been the topic of a number of other research reports. Benchmark raised their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Canaccord Genuity Group lifted their price objective on Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Bank of America initiated coverage on Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 target price on the stock. Finally, Cantor Fitzgerald lifted their price target on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.14.

Intuitive Machines Trading Down 12.7 %

Shares of LUNR stock opened at $14.40 on Tuesday. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -4.90 and a beta of 0.92. Intuitive Machines has a twelve month low of $3.15 and a twelve month high of $24.95. The firm has a 50-day moving average price of $19.13 and a 200 day moving average price of $12.29.

Insider Activity at Intuitive Machines

In other news, insider Steven Vontur sold 9,266 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,219,760. This trade represents a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction on 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 completion of the transaction, the director now directly owns 3,494,768 shares of the company’s stock, 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 771,632 shares of company stock worth $12,947,078. 73.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP bought a new stake in Intuitive Machines in the 4th quarter valued at about $33,255,000. D. E. Shaw & Co. Inc. increased its stake in shares of Intuitive Machines by 3,991.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock valued at $21,102,000 after purchasing an additional 1,133,581 shares during the period. Vanguard Group Inc. raised its holdings in shares of Intuitive Machines by 33.6% during the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock valued at $73,503,000 after buying an additional 1,017,706 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Intuitive Machines by 99.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after buying an additional 609,118 shares during the period. Finally, Driehaus Capital Management LLC bought a new position in Intuitive Machines in the 4th quarter worth approximately $9,133,000. 72.21% of the stock is currently owned by institutional investors.

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.