Intuitive Machines (NASDAQ:LUNR) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intuitive Machines (NASDAQ:LUNR) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $18.00 target price on the stock.

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

Intuitive Machines Stock Performance

LUNR opened at $14.40 on Tuesday. The stock’s fifty day moving average is $19.13 and its 200-day moving average is $12.29. Intuitive Machines has a one year low of $3.15 and a one year high of $24.95. The company has a market capitalization of $2.02 billion, a PE ratio of -4.90 and a beta of 0.92.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the transaction, the director now owns 3,494,768 shares in the company, valued at $64,128,992.80. The trade was a 9.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven Vontur sold 9,266 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $22.50, for a total value of $208,485.00. Following the completion of the transaction, the insider now owns 98,656 shares in the company, valued at $2,219,760. This represents a 8.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 771,632 shares of company stock valued at $12,947,078. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Large investors have recently added to or reduced their stakes in the business. Tealwood Asset Management Inc. raised its holdings in shares of Intuitive Machines by 4.5% during the 4th quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company’s stock valued at $380,000 after purchasing an additional 900 shares in the last quarter. Invesco Ltd. raised its holdings in Intuitive Machines by 8.3% during the fourth quarter. Invesco Ltd. now owns 13,449 shares of the company’s stock valued at $244,000 after buying an additional 1,026 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Intuitive Machines by 10.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,187 shares of the company’s stock worth $312,000 after buying an additional 1,566 shares during the last quarter. Quarry LP bought a new stake in shares of Intuitive Machines during the 4th quarter worth about $44,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Intuitive Machines by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company’s stock valued at $1,285,000 after acquiring an additional 2,499 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

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.