Intuitive Machines (NASDAQ:LUNR) Price Target Lowered to $13.00 at Cantor Fitzgerald

Intuitive Machines (NASDAQ:LUNR) had its target price reduced by Cantor Fitzgerald from $15.00 to $13.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 43.33% from the company’s current price.

Other research analysts have also recently issued reports about the company. Roth Mkm lowered their target price on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Canaccord Genuity Group lowered their price target on Intuitive Machines from $22.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday. Roth Capital set a $20.00 target price on shares of Intuitive Machines in a research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target for the company. Finally, Bank of America initiated coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Intuitive Machines Stock Down 1.6 %

Shares of NASDAQ:LUNR traded down $0.15 during trading on Tuesday, hitting $9.07. 5,757,529 shares of the stock traded hands, compared to its average volume of 15,249,328. The company has a fifty day moving average price of $16.06 and a two-hundred day moving average price of $12.93. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -3.08 and a beta of 1.01. Intuitive Machines has a 52-week low of $3.15 and a 52-week high of $24.95.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, insider Steven Vontur sold 9,266 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $22.50, for a total value of $208,485.00. Following the transaction, the insider now directly owns 98,656 shares of the company’s stock, valued at approximately $2,219,760. The trade was a 8.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the transaction, the director now owns 3,494,768 shares in the company, valued at $64,128,992.80. The trade was a 9.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 392,713 shares of company stock worth $7,250,066. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Several large investors have recently modified their holdings of the business. FORA Capital LLC purchased a new stake in Intuitive Machines in the 3rd quarter valued at approximately $458,000. Geode Capital Management LLC lifted its position in shares of Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after acquiring an additional 222,136 shares in the last quarter. Van ECK Associates Corp acquired a new stake in shares of Intuitive Machines during the fourth quarter valued at $3,403,000. Entropy Technologies LP purchased a new stake in Intuitive Machines during the 4th quarter worth about $895,000. Finally, Spire Wealth Management acquired a new position in Intuitive Machines in the 4th quarter valued at about $469,000. 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.