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

Intuitive Machines, Inc. (NASDAQ:LUNR) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, 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 1-year price target among brokerages that have issued a report on the stock in the last year is $16.00.

A number of research firms have weighed in on LUNR. B. Riley reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price objective on the stock. Roth Mkm lowered their target price on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Canaccord Genuity Group cut their price target on Intuitive Machines from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Finally, Cantor Fitzgerald lowered their price objective on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, March 25th.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, CFO Peter Mcgrath sold 37,906 shares of the 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 sale, the chief financial officer now directly owns 438,992 shares in the company, 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 is accessible through this link. Also, 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 value of $88,748.80. Following the sale, the insider now owns 104,272 shares in the company, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,700 shares of company stock worth $589,489 over the last ninety days. 73.68% of the stock is owned by insiders.

Institutional Trading of Intuitive Machines

Several hedge funds have recently modified their holdings of the stock. Inscription Capital LLC bought a new position in Intuitive Machines during the first quarter worth $363,000. Solstein Capital LLC boosted its position in shares of Intuitive Machines by 324.2% during the 1st quarter. Solstein Capital LLC now owns 30,094 shares of the company’s stock worth $224,000 after purchasing an additional 23,000 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Intuitive Machines in the 1st quarter valued at about $81,000. Hennion & Walsh Asset Management Inc. increased its position in Intuitive Machines by 20.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 68,982 shares of the company’s stock valued at $514,000 after buying an additional 11,519 shares in the last quarter. Finally, Sanders Morris Harris LLC increased its position in Intuitive Machines by 99.0% in the 1st quarter. Sanders Morris Harris LLC now owns 49,155 shares of the company’s stock valued at $366,000 after buying an additional 24,455 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Stock Down 1.6 %

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

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. The company had revenue of $54.66 million during the quarter, compared to analyst estimates of $72.58 million. On average, 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.