Brokerages Set Intuitive Machines, Inc. (NASDAQ:LUNR) Price Target at $16.06

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.06.

LUNR has been the topic of several recent research reports. Roth Mkm lowered their price objective on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Cantor Fitzgerald upped their price target on shares of Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Roth Capital reaffirmed a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. Benchmark reissued a "buy" rating and issued a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday, March 25th. Finally, Canaccord Genuity Group increased their target price on shares of Intuitive Machines from $21.00 to $21.50 and gave the stock a "buy" rating in a research report on Wednesday, May 14th.

Intuitive Machines Stock Down 4.9%

Shares of NASDAQ LUNR traded down $0.58 during mid-day trading on Tuesday, reaching $11.21. 6,331,932 shares of the company were exchanged, compared to its average volume of 12,734,044. The stock has a market capitalization of $2.00 billion, a P/E ratio of -3.81 and a beta of 1.47. The company's 50-day simple moving average is $9.53 and its 200-day simple moving average is $13.28. Intuitive Machines has a twelve month low of $3.15 and a twelve month high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to analysts' expectations of $66.07 million. As a group, equities research analysts expect that Intuitive Machines will post 0.73 EPS for the current year.

Insiders Place Their Bets

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $12.04, for a total transaction of $484,658.16. Following the completion of the sale, the director now directly owns 3,494,768 shares in the company, valued at $42,077,006.72. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter Mcgrath sold 37,906 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total value of $292,255.26. Following the completion of the sale, the chief financial officer now directly owns 438,992 shares in the company, valued at approximately $3,384,628.32. This represents a 7.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 311,344 shares of company stock worth $3,591,223 over the last ninety days. Corporate insiders own 73.68% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Intuitive Machines by 9.2% in the first quarter. Vanguard Group Inc. now owns 4,421,279 shares of the company's stock valued at $32,939,000 after buying an additional 373,741 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Intuitive Machines in the 1st quarter valued at approximately $15,739,000. Two Sigma Investments LP bought a new stake in shares of Intuitive Machines during the 4th quarter valued at approximately $33,255,000. Renaissance Technologies LLC grew its holdings in shares of Intuitive Machines by 99.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock valued at $22,170,000 after purchasing an additional 609,118 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in Intuitive Machines by 3,991.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company's stock worth $21,102,000 after purchasing an additional 1,133,581 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

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.