Analysts Set Intuitive Machines, Inc. (NASDAQ:LUNR) Price Target at $16.00

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $16.00.

A number of research analysts have recently weighed in on LUNR shares. Roth Mkm dropped their price objective on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Roth Capital set a $20.00 price target on Intuitive Machines in a research note on Friday, March 7th. Cantor Fitzgerald reduced their price objective on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 25th. Canaccord Genuity Group reduced their price objective on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, Bank of America began coverage on Intuitive Machines in a report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 target price on the stock.

Insider Buying and Selling

In related news, CFO Peter Mcgrath sold 37,906 shares of Intuitive Machines stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total value of $292,255.26. Following the completion of the transaction, the chief financial officer now directly owns 438,992 shares in the company, valued at approximately $3,384,628.32. This trade represents a 7.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven Vontur sold 9,266 shares of Intuitive Machines stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $22.50, for a total value of $208,485.00. Following the completion of the transaction, the insider now owns 98,656 shares of the company's stock, valued at approximately $2,219,760. The trade was a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,700 shares of company stock worth $589,489. Corporate insiders own 73.68% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacific Point Advisors LLC acquired a new position in Intuitive Machines in the first quarter valued at approximately $224,000. Penserra Capital Management LLC increased its position in Intuitive Machines by 59.6% in the 1st quarter. Penserra Capital Management LLC now owns 318,408 shares of the company's stock valued at $2,372,000 after acquiring an additional 118,894 shares during the period. Concurrent Investment Advisors LLC bought a new stake in Intuitive Machines during the 1st quarter valued at $173,000. Bank of New York Mellon Corp boosted its position in Intuitive Machines by 43.4% during the 1st quarter. Bank of New York Mellon Corp now owns 101,440 shares of the company's stock worth $756,000 after acquiring an additional 30,700 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of Intuitive Machines in the first quarter worth $91,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Machines Price Performance

Shares of LUNR stock traded up $0.03 during midday trading on Monday, reaching $8.60. 3,519,622 shares of the company traded hands, compared to its average volume of 12,109,830. The firm's 50 day simple moving average is $9.15 and its two-hundred day simple moving average is $12.99. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95. The firm has a market cap of $1.53 billion, a PE ratio of -2.93 and a beta of 1.33.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.12. The company had revenue of $54.66 million for the quarter, compared to analyst estimates of $72.58 million. As a group, research analysts anticipate that Intuitive Machines will post 0.73 earnings per share for the current fiscal year.

About Intuitive Machines

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.