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

Intuitive Machines, Inc. (NASDAQ:LUNR) has been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $17.00.

Several research analysts have commented on the company. Bank of America lifted their target price on Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a report on Wednesday, November 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Wednesday, October 8th. Roth Capital reissued a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. B. Riley boosted their price target on shares of Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Finally, KeyCorp began coverage on shares of Intuitive Machines in a research note on Thursday, December 18th. They issued an “overweight” rating and a $20.00 price objective on the stock.

Insiders Place Their Bets

In related news, CEO Stephen J. Altemus sold 58,828 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $20.03, for a total transaction of $1,178,324.84. Following the sale, the chief executive officer owned 1,026,402 shares in the company, valued at $20,558,832.06. This represents a 5.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy Price Crain II sold 24,155 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $20.04, for a total value of $484,066.20. Following the sale, the senior vice president directly owned 298,435 shares of the company’s stock, valued at $5,980,637.40. This represents a 7.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,550,000 shares of company stock worth $59,924,826 in the last ninety days. Insiders own 39.75% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently modified their holdings of LUNR. GAMMA Investing LLC grew its position in Intuitive Machines by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after purchasing an additional 781 shares during the period. Tealwood Asset Management Inc. lifted its stake in shares of Intuitive Machines by 4.4% in the third quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company’s stock valued at $224,000 after buying an additional 900 shares in the last quarter. Nisa Investment Advisors LLC lifted 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 buying an additional 1,127 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Intuitive Machines by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,478 shares of the company’s stock valued at $147,000 after buying an additional 1,499 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in shares of Intuitive Machines by 180.0% during the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after acquiring an additional 1,800 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Stock Down 1.8%

Shares of Intuitive Machines stock opened at $21.19 on Wednesday. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of -8.58 and a beta of 1.37. Intuitive Machines has a twelve month low of $6.14 and a twelve month high of $24.95. The company’s fifty day moving average is $13.68 and its 200 day moving average is $11.70.

Intuitive Machines Company Profile

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.