Intuitive Machines, Inc. (NASDAQ:LUNR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $16.00.

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Intuitive Machines in a research report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price target for the company. Benchmark reiterated a “buy” rating and issued a $16.00 target price on shares of Intuitive Machines in a report on Tuesday, March 25th. B. Riley restated a “buy” rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Roth Mkm reduced their price objective on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Finally, Cantor Fitzgerald dropped their target price on shares of Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 25th.

Intuitive Machines Price Performance

LUNR opened at $7.45 on Monday. Intuitive Machines has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The firm has a market capitalization of $1.33 billion, a PE ratio of -2.53 and a beta of 1.33. The company’s 50-day moving average is $10.76 and its 200 day moving average is $13.00.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.12. The company had revenue of $54.66 million during the quarter, compared to analysts’ expectations of $72.58 million. As a group, analysts expect that Intuitive Machines will post 0.73 EPS for the current year.

Insider Buying and Selling at Intuitive Machines

In related news, CFO Peter Mcgrath sold 37,906 shares of Intuitive Machines stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total value of $292,255.26. Following the completion of the sale, the chief financial officer now owns 438,992 shares of the company’s stock, valued at approximately $3,384,628.32. This trade represents a 7.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven Vontur sold 9,266 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the sale, the insider now directly owns 98,656 shares in the company, valued at approximately $2,219,760. This trade represents a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,700 shares of company stock worth $589,489 over the last three months. 73.68% of the stock is currently owned by insiders.

Institutional Trading of Intuitive Machines

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP bought a new position in Intuitive Machines in the 4th quarter worth approximately $44,000. Jones Financial Companies Lllp lifted its position in shares of Intuitive Machines by 751.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock worth $70,000 after acquiring an additional 3,381 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of Intuitive Machines in the first quarter worth $81,000. Steward Partners Investment Advisory LLC grew its position in shares of Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock valued at $90,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of Intuitive Machines during the 4th quarter valued at $91,000. Institutional investors 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.