Benchmark Issues Positive Forecast for Intuitive Machines (NASDAQ:LUNR) Stock Price

Intuitive Machines (NASDAQ:LUNR) had its price target lifted by research analysts at Benchmark from $10.00 to $16.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective suggests a potential upside of 56.40% from the company’s current price.

LUNR has been the subject of several other reports. B. Riley boosted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, Cantor Fitzgerald boosted their target price on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $12.80.

Intuitive Machines Price Performance

Shares of LUNR stock opened at $10.23 on Friday. Intuitive Machines has a 1-year low of $2.09 and a 1-year high of $14.90. The stock’s 50-day moving average is $7.77 and its 200 day moving average is $5.63. The company has a market cap of $1.32 billion, a P/E ratio of -12.48 and a beta of 0.35.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. On average, analysts anticipate that Intuitive Machines will post 0.47 EPS for the current year.

Insiders Place Their Bets

In related news, Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $8.31, for a total value of $8,375,881.68. Following the sale, the director now owns 3,494,768 shares in the company, valued at $29,041,522.08. This represents a 22.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Timothy Price Crain II sold 197,637 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $6.05, for a total transaction of $1,195,703.85. Following the completion of the sale, the senior vice president now owns 362,810 shares in the company, valued at $2,195,000.50. This represents a 35.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,763,571 shares of company stock valued at $38,671,383. 73.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LUNR. Waldron Private Wealth LLC purchased a new stake in shares of Intuitive Machines during the 3rd quarter valued at $83,000. Wedbush Securities Inc. bought a new position in shares of Intuitive Machines in the 2nd quarter worth about $35,000. The Manufacturers Life Insurance Company bought a new position in shares of Intuitive Machines during the third quarter worth about $85,000. SG Americas Securities LLC bought a new position in shares of Intuitive Machines in the third quarter worth $93,000. Finally, Creative Planning bought a new position in Intuitive Machines during the 3rd quarter valued at $105,000. 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.