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

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are 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 12 month price objective among brokers that have updated their coverage on the stock in the last year is $16.06.

Several equities analysts recently issued reports on LUNR shares. Benchmark reaffirmed a "buy" rating and set a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday, March 25th. Canaccord Genuity Group raised their price target on Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Cantor Fitzgerald lifted their price target on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Finally, Roth Mkm cut their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th.

Intuitive Machines Trading Down 4.0%

Shares of LUNR traded down $0.44 during trading hours on Tuesday, reaching $10.45. The company had a trading volume of 4,138,074 shares, compared to its average volume of 12,753,197. Intuitive Machines has a 12-month low of $3.15 and a 12-month high of $24.95. The firm has a 50 day simple moving average of $9.77 and a 200-day simple moving average of $13.22. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of -3.55 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to the consensus estimate of $66.07 million. Sell-side analysts forecast that Intuitive Machines will post 0.73 earnings per share for the current year.

Insider Activity

In other news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the transaction, the director now directly owns 3,494,768 shares in the company, valued at $42,286,692.80. This represents a 4.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Peter Mcgrath sold 72,168 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total transaction of $866,016.00. Following the completion of the sale, the chief financial officer now owns 366,824 shares of the company's stock, valued at approximately $4,401,888. The trade was a 16.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 311,344 shares of company stock valued at $3,591,223 over the last 90 days. Insiders own 39.75% of the company's stock.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Philadelphia Trust Co. increased its position in Intuitive Machines by 10.0% during the 1st quarter. Philadelphia Trust Co. now owns 11,000 shares of the company's stock worth $82,000 after purchasing an additional 1,000 shares in the last quarter. Invesco Ltd. grew its stake in Intuitive Machines by 8.3% during the fourth quarter. Invesco Ltd. now owns 13,449 shares of the company's stock worth $244,000 after buying an additional 1,026 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Intuitive Machines by 10.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,187 shares of the company's stock worth $312,000 after acquiring an additional 1,566 shares in the last quarter. Quarry LP purchased a new position in shares of Intuitive Machines in the 4th quarter valued at $44,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Intuitive Machines by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company's stock valued at $1,285,000 after acquiring an additional 2,499 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Machines Company Profile

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.