Intuitive Machines (NASDAQ:LUNR) Price Target Raised to $10.00

Intuitive Machines (NASDAQ:LUNR) had its price objective boosted by Roth Mkm from $7.00 to $10.00 in a report published on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently weighed in on LUNR. Benchmark reiterated a buy rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, August 14th. Cantor Fitzgerald reiterated an overweight rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, August 14th. Canaccord Genuity Group lowered their price objective on shares of Intuitive Machines from $14.00 to $11.00 and set a buy rating for the company in a report on Wednesday, May 15th. Finally, B. Riley started coverage on Intuitive Machines in a report on Friday, June 28th. They set a buy rating and a $8.00 target price on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines presently has a consensus rating of Buy and a consensus price target of $9.80.

Intuitive Machines Stock Performance

Shares of LUNR stock opened at $4.97 on Friday. The firm has a market cap of $638.89 million, a P/E ratio of 12.12 and a beta of 0.21. The business’s 50 day moving average price is $4.09 and its 200-day moving average price is $5.03. Intuitive Machines has a fifty-two week low of $2.09 and a fifty-two week high of $13.25.

Insider Buying and Selling

In other Intuitive Machines news, CEO Stephen J. Altemus sold 203,018 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $4.53, for a total transaction of $919,671.54. Following the completion of the transaction, the chief executive officer now owns 910,919 shares of the company’s stock, valued at $4,126,463.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Intuitive Machines news, CEO Stephen J. Altemus sold 203,018 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $4.53, for a total value of $919,671.54. Following the sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $4,126,463.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Timothy Price Crain II sold 50,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.36, for a total value of $168,000.00. Following the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The disclosure for this sale can be found here. Insiders have sold 607,050 shares of company stock valued at $2,508,917 over the last quarter. Corporate insiders own 73.68% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Inscription Capital LLC purchased a new position in Intuitive Machines in the 1st quarter worth approximately $304,000. Tealwood Asset Management Inc. purchased a new position in shares of Intuitive Machines in the first quarter worth $131,000. Sanders Morris Harris LLC bought a new position in shares of Intuitive Machines during the first quarter valued at $119,000. Solstein Capital LLC purchased a new stake in shares of Intuitive Machines during the first quarter valued at $44,000. Finally, Deuterium Capital Management LLC bought a new stake in Intuitive Machines in the 1st quarter worth about $125,000. 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.