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

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

Several other research analysts have also issued reports on LUNR. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. 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. Finally, Cantor Fitzgerald increased their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $13.10.

Intuitive Machines Trading Down 6.0 %

Shares of NASDAQ LUNR opened at $11.68 on Friday. The firm has a market capitalization of $1.50 billion, a PE ratio of -3.97 and a beta of 0.35. Intuitive Machines has a 1 year low of $2.09 and a 1 year high of $14.90. The firm’s 50-day moving average is $8.02 and its 200-day moving average is $5.72.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $6.08, for a total transaction of $3,469,886.40. Following the sale, the director now directly owns 3,551,606 shares in the company, valued at approximately $21,593,764.48. This trade represents a 13.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Blitzer sold 662,673 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $8.19, for a total transaction of $5,427,291.87. Following the sale, the director now owns 1,062,865 shares in the company, valued at $8,704,864.35. This trade represents a 38.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,763,571 shares of company stock worth $38,671,383 in the last ninety days. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Hedge funds have recently bought and sold shares of the stock. Waldron Private Wealth LLC acquired a new stake in Intuitive Machines during the 3rd quarter worth approximately $83,000. Wedbush Securities Inc. acquired a new stake in Intuitive Machines during the 2nd quarter worth approximately $35,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Intuitive Machines in the third quarter valued at approximately $85,000. SG Americas Securities LLC acquired a new stake in shares of Intuitive Machines in the third quarter valued at approximately $93,000. Finally, Creative Planning acquired a new stake in shares of Intuitive Machines in the third quarter valued at approximately $105,000. 72.21% of the stock is currently 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.