Intuitive Machines (NASDAQ:LUNR) Upgraded at Zacks Research

Zacks Research upgraded shares of Intuitive Machines (NASDAQ:LUNR) from a strong sell rating to a hold rating in a report released on Thursday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group cut their price objective on Intuitive Machines from $18.50 to $15.50 and set a “buy” rating for the company in a report on Friday, November 7th. Stifel Nicolaus assumed coverage on shares of Intuitive Machines in a research note on Monday, November 3rd. They issued a “buy” rating and a $18.00 price target for the company. Bank of America boosted their price objective on shares of Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research note on Wednesday. Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of Intuitive Machines and gave the company a “buy” rating in a research note on Friday, October 17th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.50.

Intuitive Machines Price Performance

Shares of LUNR opened at $8.62 on Thursday. The business’s 50 day simple moving average is $10.80 and its 200-day simple moving average is $10.62. The company has a market capitalization of $1.54 billion, a P/E ratio of -2.66 and a beta of 1.42. Intuitive Machines has a one year low of $6.14 and a one year high of $24.95.

Insider Activity

In other news, Director Michael Blitzer acquired 100,000 shares of Intuitive Machines stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of $8.83 per share, for a total transaction of $883,000.00. Following the completion of the acquisition, the director directly owned 1,931,248 shares in the company, valued at approximately $17,052,919.84. The trade was a 5.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 39.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in Intuitive Machines by 180.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after buying an additional 1,800 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Intuitive Machines by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after acquiring an additional 1,127 shares in the last quarter. Quarry LP increased its position in Intuitive Machines by 151.4% during the third quarter. Quarry LP now owns 6,457 shares of the company’s stock worth $68,000 after acquiring an additional 3,889 shares during the period. GF Fund Management CO. LTD. acquired a new stake in Intuitive Machines in the 3rd quarter worth about $94,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Intuitive Machines in the 3rd quarter worth about $109,000. 72.21% of the stock is owned by institutional investors and hedge funds.

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 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.