Intuitive Machines, Inc. (NASDAQ:LUNR) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts have an average recommendation of "Hold" on Intuitive Machines based on 13 brokerages (2 sell, 3 hold, 8 buy) with a mean 12‑month target price of $19.94 and several firms recently raising targets (e.g., Cantor to $26, Deutsche Bank to $22).
• Insiders sold 1,273,731 shares worth $24.3M over the past 90 days (including a 283,818‑share sale by a director), leaving insiders with 39.75% ownership.
• The company reported Q results with EPS of ($0.04) beating estimates by $0.01 but revenue of $44.79M missed estimates, and the stock is trading near its 12‑month high ($23.99 open; 12‑month high $24.30) with a market cap of $5.2B and a negative P/E of -32.42.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) has been given an average recommendation of "Hold" by the thirteen brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.9444.

Several brokerages have issued reports on LUNR. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intuitive Machines from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, March 20th. Roth Mkm reaffirmed a "buy" rating on shares of Intuitive Machines in a report on Wednesday, February 25th. Stifel Nicolaus boosted their target price on Intuitive Machines from $20.00 to $22.00 and gave the stock a "hold" rating in a research report on Monday, March 23rd. Cantor Fitzgerald increased their price target on shares of Intuitive Machines from $16.00 to $26.00 and gave the company an "overweight" rating in a research report on Friday, March 20th. Finally, Canaccord Genuity Group lifted their target price on shares of Intuitive Machines from $22.50 to $24.00 and gave the stock a "buy" rating in a research note on Friday, March 20th.

Insider Buying and Selling at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $18.78, for a total value of $5,330,102.04. Following the completion of the sale, the director owned 3,494,768 shares of the company's stock, valued at $65,631,743.04. The trade was a 7.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven Vontur sold 4,343 shares of the company's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $17.44, for a total value of $75,741.92. Following the completion of the transaction, the insider owned 117,047 shares of the company's stock, valued at $2,041,299.68. The trade was a 3.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,273,731 shares of company stock valued at $24,317,209. 39.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LUNR. Vanguard Group Inc. boosted its position in shares of Intuitive Machines by 13.3% in the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company's stock worth $64,067,000 after acquiring an additional 717,256 shares during the last quarter. Trustees of the University of Pennsylvania acquired a new position in Intuitive Machines during the fourth quarter worth approximately $52,689,000. UBS Group AG raised its stake in Intuitive Machines by 22.0% during the fourth quarter. UBS Group AG now owns 3,095,383 shares of the company's stock worth $50,238,000 after purchasing an additional 557,517 shares during the period. Geode Capital Management LLC raised its stake in Intuitive Machines by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company's stock worth $44,399,000 after purchasing an additional 61,084 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Intuitive Machines by 18.4% in the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company's stock valued at $28,165,000 after purchasing an additional 415,359 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Intuitive Machines Stock Performance

Intuitive Machines stock opened at $23.99 on Monday. The stock has a 50 day moving average of $18.36 and a two-hundred day moving average of $14.82. Intuitive Machines has a twelve month low of $6.14 and a twelve month high of $24.30. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of -32.42 and a beta of 1.31.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. The company had revenue of $44.79 million during the quarter, compared to analyst estimates of $53.37 million. Equities analysts predict that Intuitive Machines will post 0.73 earnings per share for the current year.

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.

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