Intuitive Machines, Inc. (NASDAQ:LUNR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Intuitive Machines, Inc. (NASDAQ:LUNR) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $16.00.

A number of research firms recently weighed in on LUNR. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target on the stock. Cantor Fitzgerald lowered their target price on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday. Benchmark reaffirmed a “buy” rating and issued a $16.00 price target on shares of Intuitive Machines in a report on Tuesday. Roth Capital set a $20.00 price objective on Intuitive Machines in a research note on Friday, March 7th. Finally, Canaccord Genuity Group cut their target price on Intuitive Machines from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 3,494,768 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. Also, insider Steven Vontur sold 4,528 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was 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 in the company, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 391,767 shares of company stock worth $7,233,038 over the last quarter. 73.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently modified their holdings of LUNR. Quarry LP acquired a new position in Intuitive Machines in the 4th quarter valued at about $44,000. Jones Financial Companies Lllp grew its holdings in shares of Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after purchasing an additional 3,381 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Intuitive Machines in the third quarter valued at approximately $85,000. Steward Partners Investment Advisory LLC increased its stake in Intuitive Machines by 201.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after buying an additional 3,300 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in Intuitive Machines during the 4th quarter worth approximately $91,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Intuitive Machines Price Performance

NASDAQ LUNR opened at $8.79 on Thursday. The stock’s 50 day simple moving average is $15.70 and its 200-day simple moving average is $12.93. The company has a market cap of $1.23 billion, a PE ratio of -2.99 and a beta of 1.01. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million during the quarter, compared to analyst estimates of $72.58 million. On average, equities research analysts anticipate that Intuitive Machines will post 0.73 EPS for the current fiscal year.

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.