Deutsche Bank Aktiengesellschaft Initiates Coverage on Intuitive Machines (NASDAQ:LUNR)

Equities research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines (NASDAQ:LUNR) in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm set a “hold” rating and a $18.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 6.07% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Benchmark raised their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Canaccord Genuity Group raised their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Bank of America initiated coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price target for the company. Finally, Cantor Fitzgerald raised their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.14.

Intuitive Machines Price Performance

Shares of LUNR opened at $16.97 on Tuesday. Intuitive Machines has a one year low of $3.15 and a one year high of $24.95. The company has a 50-day moving average of $19.00 and a two-hundred day moving average of $12.17. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -5.77 and a beta of 0.92.

Insider Activity at Intuitive Machines

In other news, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total value of $88,748.80. Following the transaction, the insider now owns 104,272 shares of the company’s stock, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $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 quarter, insiders have sold 771,632 shares of company stock valued at $12,947,078. 73.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors have recently modified their holdings of LUNR. FORA Capital LLC bought a new position in Intuitive Machines during the third quarter worth $458,000. Geode Capital Management LLC increased its position in Intuitive Machines by 31.2% during the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after acquiring an additional 222,136 shares during the period. Van ECK Associates Corp bought a new position in Intuitive Machines during the fourth quarter worth $3,403,000. Entropy Technologies LP bought a new position in Intuitive Machines during the fourth quarter worth $895,000. Finally, Spire Wealth Management bought a new position in Intuitive Machines during the fourth quarter worth $469,000. Institutional investors 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.