Intuitive Machines, Inc. (NASDAQ:LUNR) Receives $16.44 Consensus PT from Brokerages

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $16.44.

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald raised their price target on shares of Intuitive Machines from $13.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, May 14th. B. Riley restated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Bank of America assumed coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target on the stock. Canaccord Genuity Group raised their price target on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Finally, Roth Capital restated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, May 13th.

Intuitive Machines Stock Up 4.5%

LUNR stock opened at $12.36 on Friday. Intuitive Machines has a 12 month low of $3.15 and a 12 month high of $24.95. The firm has a market cap of $2.20 billion, a P/E ratio of -4.20 and a beta of 1.32. The company’s 50-day moving average price is $8.32 and its two-hundred day moving average price is $13.19.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Tuesday, May 13th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to analysts’ expectations of $66.07 million. Equities analysts predict that Intuitive Machines will post 0.73 EPS for the current year.

Insider Buying and Selling

In other news, CFO Peter Mcgrath sold 37,906 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total transaction of $292,255.26. Following the completion of the transaction, the chief financial officer now directly owns 438,992 shares in the company, valued at $3,384,628.32. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total value of $1,948,293.60. Following the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at $42,286,692.80. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 271,090 shares of company stock valued at $3,106,565 over the last 90 days. 73.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds have recently made changes to their positions in LUNR. Gotham Asset Management LLC bought a new position in shares of Intuitive Machines during the first quarter worth about $15,739,000. Two Sigma Investments LP bought a new position in shares of Intuitive Machines during the fourth quarter worth about $33,255,000. D. E. Shaw & Co. Inc. raised its position in shares of Intuitive Machines by 3,991.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock worth $21,102,000 after acquiring an additional 1,133,581 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Intuitive Machines by 33.6% during the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock worth $73,503,000 after acquiring an additional 1,017,706 shares during the last quarter. Finally, ARK Investment Management LLC bought a new stake in Intuitive Machines in the first quarter worth approximately $5,531,000. 72.21% of the stock is currently owned by 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 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.