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

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $17.80.

A number of analysts have weighed in on the company. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a report on Tuesday, February 17th. Stifel Nicolaus set a $20.00 price objective on shares of Intuitive Machines and gave the company a “hold” rating in a research report on Friday, January 9th. Finally, KeyCorp increased their price target on shares of Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th.

Intuitive Machines Stock Performance

Shares of LUNR stock opened at $18.45 on Thursday. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -7.47 and a beta of 1.40. The firm has a fifty day moving average of $18.42 and a 200-day moving average of $13.54. Intuitive Machines has a 52-week low of $6.14 and a 52-week high of $23.32.

Insider Transactions at Intuitive Machines

In other news, CFO Peter Mcgrath sold 25,541 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total value of $445,435.04. Following the transaction, the chief financial officer owned 425,800 shares of the company’s stock, valued at $7,425,952. This represents a 5.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stephen J. Altemus sold 86,803 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $16.01, for a total value of $1,389,716.03. Following the completion of the transaction, the chief executive officer owned 1,176,246 shares in the company, valued at $18,831,698.46. This represents a 6.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,689,913 shares of company stock valued at $62,240,781. 39.75% of the stock is owned by company insiders.

Institutional Trading of Intuitive Machines

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after acquiring an additional 781 shares during the last quarter. Sigma Planning Corp lifted its holdings in Intuitive Machines by 8.8% during the fourth quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock worth $178,000 after acquiring an additional 886 shares in the last quarter. Tealwood Asset Management Inc. grew its position in shares of Intuitive Machines by 4.4% in the 3rd quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company’s stock valued at $224,000 after purchasing an additional 900 shares during the period. Larson Financial Group LLC raised its holdings in Intuitive Machines by 63.2% during the 4th 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 period. Finally, Handelsbanken Fonder AB raised its holdings in Intuitive Machines by 3.6% during the 4th quarter. Handelsbanken Fonder AB now owns 34,400 shares of the company’s stock worth $558,000 after buying an additional 1,200 shares during the period. 72.21% of the stock is currently 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.