Intuitive Machines’ (LUNR) “Buy” Rating Reiterated at Benchmark

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

Separately, Cantor Fitzgerald reaffirmed an overweight rating and set a $13.00 target price on shares of Intuitive Machines in a research note on Thursday, February 29th.

Intuitive Machines Stock Performance

LUNR traded down $0.17 on Friday, reaching $5.32. 2,227,470 shares of the company’s stock were exchanged, compared to its average volume of 10,244,757. Intuitive Machines has a twelve month low of $2.09 and a twelve month high of $13.25. The stock’s fifty day moving average price is $4.77 and its 200-day moving average price is $3.81.

Insiders Place Their Bets

In other news, major shareholder Guy Shanon sold 123,717 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $8.99, for a total value of $1,112,215.83. Following the sale, the insider now directly owns 1,302,673 shares of the company’s stock, valued at approximately $11,711,030.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 78.93% of the stock is owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hemington Wealth Management purchased a new stake in Intuitive Machines during the 4th quarter worth approximately $26,000. Cypress Financial Planning LLC purchased a new stake in Intuitive Machines during the 3rd quarter worth approximately $39,000. Virtu Financial LLC purchased a new stake in Intuitive Machines during the 4th quarter worth approximately $81,000. State Street Corp purchased a new stake in Intuitive Machines during the 2nd quarter worth approximately $111,000. Finally, Northern Trust Corp increased its stake in Intuitive Machines by 179.1% during the 4th quarter. Northern Trust Corp now owns 47,765 shares of the company’s stock worth $122,000 after buying an additional 30,649 shares during the period. 5.17% of the stock is owned by hedge funds and other institutional investors.

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 µNova, a lunar rocket-fueled drone, lunar surface rover services, fixed lunar surface services, rideshare delivery services, lunar access services, lunar orbit delivery services, and lunar data network services, as well as content sales and marketing.