Roth Mkm Has Lowered Expectations for Intuitive Machines (NASDAQ:LUNR) Stock Price

Intuitive Machines (NASDAQ:LUNR - Get Free Report) had its target price reduced by Roth Mkm from $20.00 to $12.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Roth Mkm's target price indicates a potential upside of 64.16% from the company's current price.

Other research analysts have also issued reports about the company. Canaccord Genuity Group lowered their price target on Intuitive Machines from $26.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Roth Capital set a $20.00 price target on shares of Intuitive Machines in a research report on Friday, March 7th. Benchmark increased their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 15th. Cantor Fitzgerald boosted their target price on Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, Bank of America began coverage on Intuitive Machines in a research note on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $16.38.

Intuitive Machines Price Performance

Shares of NASDAQ LUNR traded up $0.61 during midday trading on Tuesday, hitting $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 twelve month low of $3.15 and a twelve month high of $24.95. The firm has a market cap of $1.03 billion, a P/E ratio of -2.49 and a beta of 1.01. The stock's 50 day moving average price is $17.72 and its 200-day moving average price is $12.70.

Insider Transactions at Intuitive Machines

In other news, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the transaction, the insider now owns 104,272 shares in the company, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their ownership of the stock. 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 stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 393,659 shares of company stock valued at $7,262,364 in the last three months. 73.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors have recently modified their holdings of LUNR. Tealwood Asset Management Inc. increased its position in Intuitive Machines by 4.5% in the 4th quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company's stock worth $380,000 after purchasing an additional 900 shares during the last quarter. Invesco Ltd. increased its holdings in Intuitive Machines by 8.3% in the fourth quarter. Invesco Ltd. now owns 13,449 shares of the company's stock worth $244,000 after buying an additional 1,026 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Intuitive Machines by 10.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,187 shares of the company's stock valued at $312,000 after acquiring an additional 1,566 shares during the last quarter. Quarry LP bought a new stake in Intuitive Machines in the fourth quarter worth approximately $44,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Intuitive Machines by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company's stock worth $1,285,000 after purchasing an additional 2,499 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

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.