Intuitive Machines (NASDAQ:LUNR) Given New $22.00 Price Target at Stifel Nicolaus

Intuitive Machines (NASDAQ:LUNR) had its target price increased by Stifel Nicolaus from $20.00 to $22.00 in a report published on Monday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Intuitive Machines from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday. B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, February 17th. Canaccord Genuity Group lifted their price target on Intuitive Machines from $22.50 to $24.00 and gave the company a “buy” rating in a report on Friday. Cantor Fitzgerald upped their price target on Intuitive Machines from $16.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday. Finally, KeyCorp increased their price objective on Intuitive Machines from $20.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Intuitive Machines currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.55.

Intuitive Machines Trading Up 13.9%

LUNR stock opened at $20.31 on Monday. Intuitive Machines has a one year low of $6.14 and a one year high of $23.32. The firm has a market capitalization of $3.66 billion, a PE ratio of -27.45 and a beta of 1.40. The firm has a 50-day moving average of $18.42 and a two-hundred day moving average of $14.11.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $44.79 million during the quarter, compared to analysts’ expectations of $53.37 million. On average, equities research analysts anticipate that Intuitive Machines will post 0.73 earnings per share for the current year.

Insider Activity at Intuitive Machines

In related news, SVP Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $17.55, for a total transaction of $2,632,500.00. Following the completion of the sale, the senior vice president owned 359,726 shares of the company’s stock, valued at approximately $6,313,191.30. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Vontur sold 4,343 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total value of $75,741.92. Following the completion of the transaction, the insider directly owned 117,047 shares in the company, valued at approximately $2,041,299.68. The trade was a 3.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,489,913 shares of company stock worth $28,023,750. Corporate insiders own 39.75% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LUNR. Invesco Ltd. grew its position in Intuitive Machines by 19.7% in the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock worth $120,000 after acquiring an additional 2,643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Intuitive Machines by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock valued at $184,000 after purchasing an additional 7,528 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Intuitive Machines in the 1st quarter valued at $139,000. ProShare Advisors LLC bought a new stake in Intuitive Machines in the second quarter worth $244,000. Finally, Geode Capital Management LLC boosted its holdings in Intuitive Machines by 78.6% in the second quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock worth $28,191,000 after purchasing an additional 1,141,454 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

About Intuitive Machines

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.