Intuitive Machines (NASDAQ:LUNR) Given “Buy” Rating at Roth Mkm

Roth Mkm reissued their buy rating on shares of Intuitive Machines (NASDAQ:LUNR) in a report issued on Wednesday, Benzinga reports. The brokerage currently has a $12.00 price objective on the stock.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group reduced their price objective on shares of Intuitive Machines from $16.00 to $14.00 and set a buy rating on the stock in a research note on Friday, September 1st. Benchmark restated a buy rating and set a $14.00 price objective on shares of Intuitive Machines in a report on Tuesday, August 15th. Finally, Cantor Fitzgerald assumed coverage on shares of Intuitive Machines in a report on Friday, May 19th. They issued an overweight rating and a $11.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines has a consensus rating of Buy and a consensus price target of $12.75.

Intuitive Machines Stock Down 3.8 %

Shares of LUNR opened at $4.77 on Wednesday. Intuitive Machines has a 12-month low of $3.76 and a 12-month high of $136.00. The stock’s fifty day simple moving average is $7.26 and its 200-day simple moving average is $10.12.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Monday, August 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.59. The business had revenue of $17.99 million during the quarter, compared to the consensus estimate of $49.00 million. As a group, sell-side analysts predict that Intuitive Machines will post -1.35 EPS for the current year.

Institutional Trading of Intuitive Machines

Several hedge funds have recently added to or reduced their stakes in the business. CPMG Inc acquired a new stake in Intuitive Machines during the 1st quarter worth approximately $14,270,000. Quarry LP acquired a new stake in Intuitive Machines during the 1st quarter worth approximately $3,888,000. Hudson Bay Capital Management LP acquired a new stake in Intuitive Machines during the 1st quarter worth approximately $2,549,000. HGC Investment Management Inc. acquired a new stake in shares of Intuitive Machines in the 1st quarter valued at about $2,430,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Intuitive Machines in the 1st quarter valued at about $1,620,000. 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 propulsive drone that hops across the lunar surface; lunar access services, such as lunar orbit delivery services; and lunar data network services.