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

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been given a consensus 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 issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $15.57.

Several equities analysts have commented on LUNR shares. Benchmark upped their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Cantor Fitzgerald upped their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price objective on the stock. Bank of America started coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price for the company. Finally, Canaccord Genuity Group reduced their target price on shares of Intuitive Machines from $26.00 to $22.00 and set a “buy” rating for the company in a research report on Friday.

Insider Buying and Selling

In related news, insider Steven Vontur sold 4,528 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the sale, the insider now owns 104,272 shares of the company’s stock, valued at $2,043,731.20. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. This trade represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 393,659 shares of company stock valued at $7,262,364 over the last quarter. 73.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. FORA Capital LLC bought a new position in shares of Intuitive Machines in the third quarter worth about $458,000. Geode Capital Management LLC lifted its holdings in shares of Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after acquiring an additional 222,136 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Intuitive Machines in the fourth quarter worth about $3,403,000. Entropy Technologies LP bought a new position in shares of Intuitive Machines in the fourth quarter worth about $895,000. Finally, Spire Wealth Management bought a new position in shares of Intuitive Machines in the fourth quarter worth about $469,000. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Trading Down 22.1 %

Shares of LUNR opened at $8.77 on Friday. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -2.98 and a beta of 1.01. The company’s fifty day simple moving average is $18.67 and its 200 day simple moving average is $12.71.

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.