Intuitive Machines, Inc. (NASDAQ:LUNR) Receives Average Recommendation of "Moderate Buy" from Analysts

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

Several equities analysts recently commented on the company. Roth Mkm dropped their target price on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. B. Riley reiterated a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Canaccord Genuity Group decreased their target price on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Roth Capital set a $20.00 price target on shares of Intuitive Machines in a research note on Friday, March 7th. Finally, Cantor Fitzgerald reduced their price objective on shares of Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, March 25th.

Intuitive Machines Price Performance

Shares of Intuitive Machines stock traded down $0.03 on Monday, reaching $8.36. 1,632,156 shares of the company were exchanged, compared to its average volume of 12,042,624. The stock's 50 day moving average price is $9.83 and its 200-day moving average price is $12.93. The company has a market cap of $1.49 billion, a P/E ratio of -2.84 and a beta of 1.33. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95.

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

Insider Activity

In other Intuitive Machines news, 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 transaction of $292,255.26. Following the transaction, the chief financial officer now directly owns 438,992 shares of the company's stock, valued at approximately $3,384,628.32. This trade represents a 7.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction 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 approximately $2,043,731.20. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,700 shares of company stock valued at $589,489. 73.68% of the stock is currently owned by company insiders.

Institutional Trading of Intuitive Machines

Hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp purchased a new stake in shares of Intuitive Machines during the third quarter worth approximately $525,000. State Street Corp raised its position in Intuitive Machines by 1.3% during the 3rd quarter. State Street Corp now owns 576,051 shares of the company's stock worth $4,637,000 after buying an additional 7,538 shares during the last quarter. Barclays PLC boosted its holdings in shares of Intuitive Machines by 275.2% in the third quarter. Barclays PLC now owns 37,323 shares of the company's stock valued at $300,000 after acquiring an additional 27,376 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Intuitive Machines by 31.2% during the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock worth $7,514,000 after acquiring an additional 222,136 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new position in Intuitive Machines during the fourth quarter worth about $904,000. 72.21% of the stock is 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.