Intuitive Machines (NASDAQ:LUNR) Given New $26.00 Price Target at Canaccord Genuity Group

Intuitive Machines (NASDAQ:LUNR) had its target price increased by Canaccord Genuity Group from $17.50 to $26.00 in a report released on Wednesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities research analysts have also commented on the stock. Cantor Fitzgerald upped their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Roth Mkm restated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Benchmark boosted their price target on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, B. Riley lifted their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intuitive Machines currently has a consensus rating of “Buy” and an average price target of $15.80.

Intuitive Machines Trading Down 5.4 %

Shares of NASDAQ:LUNR opened at $18.79 on Wednesday. Intuitive Machines has a twelve month low of $2.17 and a twelve month high of $22.32. The company has a market cap of $2.64 billion, a PE ratio of -6.39 and a beta of 0.90. The company’s 50 day moving average is $13.76 and its 200 day moving average is $8.42.

Insider Buying and Selling

In other news, CEO Stephen J. Altemus sold 61,432 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.00, for a total transaction of $675,752.00. Following the completion of the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at $10,020,109. This trade represents a 6.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction on Monday, December 30th. The shares were 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 owns 3,494,768 shares in the company, valued at $64,128,992.80. This represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,954,713 shares of company stock worth $24,475,385. 73.68% of the stock is owned by corporate insiders.

Institutional Trading of Intuitive Machines

Several hedge funds have recently made changes to their positions in LUNR. State Street Corp lifted its holdings in Intuitive Machines by 1.3% during the 3rd quarter. State Street Corp now owns 576,051 shares of the company’s stock worth $4,637,000 after buying an additional 7,538 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in Intuitive Machines during the 3rd quarter worth about $83,000. Wedbush Securities Inc. purchased a new stake in shares of Intuitive Machines during the 2nd quarter worth $35,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Intuitive Machines during the 3rd quarter worth about $85,000. Finally, SG Americas Securities LLC acquired a new position in Intuitive Machines in the third quarter valued at approximately $93,000. Institutional investors and hedge funds 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.