Intuitive Machines’ (LUNR) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Intuitive Machines (NASDAQ:LUNR) in a research note published on Wednesday, Benzinga reports. They currently have a $10.00 price target on the stock.

A number of other equities research analysts also recently weighed in on LUNR. Canaccord Genuity Group lowered their price target on Intuitive Machines from $14.00 to $11.00 and set a buy rating for the company in a report on Wednesday, May 15th. Roth Mkm lowered their price target on Intuitive Machines from $15.00 to $10.00 and set a buy rating for the company in a report on Wednesday, May 15th. Cantor Fitzgerald reiterated an overweight rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday. Finally, B. Riley initiated coverage on Intuitive Machines in a report on Friday, June 28th. They issued a buy rating and a $8.00 price target for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of $9.80.

Intuitive Machines Stock Down 2.5 %

LUNR stock opened at $3.96 on Wednesday. Intuitive Machines has a 52-week low of $2.09 and a 52-week high of $13.25. The stock’s 50 day moving average is $3.86 and its two-hundred day moving average is $4.97. The company has a market capitalization of $493.54 million, a PE ratio of 9.66 and a beta of 0.21.

Insider Buying and Selling

In related news, CEO Stephen J. Altemus sold 203,018 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $4.53, for a total value of $919,671.54. Following the completion of the sale, the chief executive officer now 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 accessible through the SEC website. In other news, SVP Timothy Price Crain II sold 143,989 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $4.04, for a total value of $581,715.56. Following the completion of the sale, the senior vice president now owns 362,810 shares in the company, valued at $1,465,752.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen J. Altemus sold 203,018 shares of Intuitive Machines stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $4.53, for a total value of $919,671.54. Following the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at $4,126,463.07. The disclosure for this sale can be found here. Insiders sold a total of 607,050 shares of company stock worth $2,508,917 in the last three months. 73.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

Large investors have recently made changes to their positions in the business. Solstein Capital LLC bought a new stake in Intuitive Machines during the first quarter worth approximately $44,000. Wedbush Securities Inc. acquired a new stake in shares of Intuitive Machines during the second quarter worth $35,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Intuitive Machines during the first quarter valued at $67,000. Sender Co & Partners Inc. purchased a new stake in shares of Intuitive Machines during the second quarter valued at $56,000. Finally, Sanders Morris Harris LLC purchased a new stake in shares of Intuitive Machines during the first quarter valued at $119,000. 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.