Intuitive Machines, Inc. (NASDAQ:LUNR) Receives $31.50 Consensus PT from Brokerages

Intuitive Machines, Inc. (NASDAQ:LUNR) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $31.50.

LUNR has been the topic of a number of research reports. Stifel Nicolaus set a $32.00 target price on shares of Intuitive Machines in a research report on Friday, May 15th. Wall Street Zen raised shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Roth Capital raised their price target on shares of Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, April 17th. B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $34.00 price objective on shares of Intuitive Machines in a report on Wednesday, May 20th.

Intuitive Machines Stock Performance

Shares of LUNR stock opened at $13.52 on Wednesday. The company has a market cap of $2.93 billion, a P/E ratio of -15.36 and a beta of 1.78. The stock has a 50 day simple moving average of $26.80 and a two-hundred day simple moving average of $22.51. Intuitive Machines has a fifty-two week low of $7.78 and a fifty-two week high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million during the quarter, compared to analysts’ expectations of $202.95 million. On average, research analysts predict that Intuitive Machines will post -0.36 earnings per share for the current year.

Insider Activity at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 141,909 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $20.43, for a total value of $2,899,200.87. Following the completion of the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at $71,398,110.24. The trade was a 3.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William John Liquori, Jr. sold 18,321 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $29.87, for a total value of $547,248.27. Following the transaction, the director directly owned 68,875 shares in the company, valued at approximately $2,057,296.25. This trade represents a 21.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,019,775 shares of company stock valued at $28,399,292 in the last three months. Corporate insiders own 54.10% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in Intuitive Machines in the 4th quarter valued at $28,000. State of Wyoming acquired a new position in Intuitive Machines during the first quarter worth $39,000. GAMMA Investing LLC raised its holdings in Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after buying an additional 781 shares during the last quarter. Larson Financial Group LLC raised its holdings in Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after buying an additional 1,016 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Intuitive Machines by 406.4% in the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after buying an additional 2,337 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

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.