Intuitive Machines, Inc. (NASDAQ:LUNR) Receives $16.14 Average Target Price from Analysts

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $15.57.

Several equities research analysts have issued reports on LUNR shares. Canaccord Genuity Group decreased their price target on shares of Intuitive Machines from $26.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday. Benchmark raised their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Cantor Fitzgerald raised their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Bank of America began coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price objective on the stock.

Insider Activity at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the transaction, the director now owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven Vontur sold 4,528 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the transaction, the insider now owns 104,272 shares in the company, valued at $2,043,731.20. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 393,659 shares of company stock worth $7,262,364. Company insiders own 73.68% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LUNR. Quarry LP purchased a new position in Intuitive Machines in the fourth quarter valued at approximately $44,000. Jones Financial Companies Lllp grew its position in Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after acquiring an additional 3,381 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Intuitive Machines in the third quarter valued at approximately $85,000. Steward Partners Investment Advisory LLC grew its position in Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in Intuitive Machines in the fourth quarter valued at approximately $91,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Intuitive Machines Trading Down 22.1 %

Shares of Intuitive Machines stock traded down $2.49 during mid-day trading on Friday, hitting $8.77. 52,026,034 shares of the stock were exchanged, compared to its average volume of 15,393,858. Intuitive Machines has a twelve month low of $3.15 and a twelve month high of $24.95. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.98 and a beta of 1.01. The company has a 50-day simple moving average of $18.67 and a 200 day simple moving average of $12.66.

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.