Intuitive Machines (NASDAQ:LUNR) Price Target Lowered to $10.00 at Benchmark

Intuitive Machines (NASDAQ:LUNR) had its price target decreased by Benchmark from $14.00 to $10.00 in a research note released on Tuesday morning, Benzinga reports. Benchmark currently has a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Canaccord Genuity Group restated a buy rating and issued a $14.00 price target on shares of Intuitive Machines in a research report on Monday, October 2nd. Roth Mkm restated a buy rating and issued a $12.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of $11.75.

Intuitive Machines Stock Performance

Intuitive Machines stock opened at $2.99 on Tuesday. The firm’s 50-day moving average is $3.49 and its 200-day moving average is $6.11. Intuitive Machines has a 1 year low of $2.55 and a 1 year high of $136.00.

Institutional Trading of Intuitive Machines

Large investors have recently modified their holdings of the company. Cypress Financial Planning LLC acquired a new stake in shares of Intuitive Machines in the 3rd quarter worth about $39,000. State Street Corp acquired a new position in Intuitive Machines during the 2nd quarter valued at about $111,000. Virtu Financial LLC acquired a new position in Intuitive Machines during the 2nd quarter valued at about $130,000. Tower Research Capital LLC TRC increased its stake in Intuitive Machines by 1,887.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 43,606 shares of the company’s stock valued at $159,000 after buying an additional 41,412 shares during the period. Finally, Charles Schwab Investment Management Inc. acquired a new position in Intuitive Machines during the 2nd quarter valued at about $242,000. Institutional investors and hedge funds own 5.17% 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 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.