Intuitive Machines (NASDAQ:LUNR) Price Target Cut to $12.00 by Analysts at Roth Mkm

Intuitive Machines (NASDAQ:LUNR - Get Free Report) had its target price lowered by equities research analysts at Roth Mkm from $20.00 to $12.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Roth Mkm's price objective would suggest a potential upside of 64.16% from the stock's current price.

A number of other equities analysts also recently commented on the company. Roth Capital set a $20.00 price target on Intuitive Machines in a research note on Friday, March 7th. Cantor Fitzgerald lifted their price target on Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Benchmark lifted their price target on Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price target for the company. Finally, Bank of America initiated coverage on Intuitive Machines in a research note 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 issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.38.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR traded up $0.61 during midday trading on Tuesday, reaching $7.31. 11,236,240 shares of the company's stock were exchanged, compared to its average volume of 15,692,028. Intuitive Machines has a 52-week low of $3.15 and a 52-week high of $24.95. The stock has a market capitalization of $1.03 billion, a PE ratio of -2.49 and a beta of 1.01. The business's fifty day moving average price is $17.43 and its two-hundred day moving average price is $12.71.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the transaction, the insider now directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their position. The transaction 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 the company's 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 in the company, valued at $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 393,659 shares of company stock worth $7,262,364. Company insiders own 73.68% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of Intuitive Machines in the fourth quarter worth $44,000. Jones Financial Companies Lllp increased its position in Intuitive Machines by 751.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock worth $70,000 after buying an additional 3,381 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Intuitive Machines by 201.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock worth $90,000 after buying an additional 3,300 shares during the last quarter. Ancora Advisors LLC acquired a new position in Intuitive Machines during the fourth quarter worth $91,000. Finally, Victory Capital Management Inc. acquired a new position in Intuitive Machines during the fourth quarter worth $183,000. 72.21% of the stock is owned by institutional investors and hedge funds.

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.