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 a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $16.06.

Several equities analysts recently weighed in on the stock. B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Barclays began coverage on shares of Intuitive Machines in a report on Thursday, May 22nd. They set a "neutral" rating for the company. Roth Mkm reduced 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. Benchmark reissued a "buy" rating and set a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday, March 25th. Finally, Roth Capital restated a "buy" rating on shares of Intuitive Machines in a report on Tuesday, May 13th.

Intuitive Machines Stock Up 2.6%

NASDAQ:LUNR traded up $0.27 on Friday, reaching $10.68. 6,139,954 shares of the company's stock traded hands, compared to its average volume of 12,956,021. The stock has a 50-day simple moving average of $10.74 and a 200-day simple moving average of $12.89. Intuitive Machines has a 12 month low of $3.15 and a 12 month high of $24.95. The firm has a market cap of $1.91 billion, a PE ratio of -3.91 and a beta of 1.41.

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

Insider Buying and Selling at Intuitive Machines

In related news, CFO Peter Mcgrath sold 72,168 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total transaction of $866,016.00. Following the transaction, the chief financial officer directly owned 366,824 shares in the company, valued at approximately $4,401,888. This represents a 16.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 40,254 shares of the stock in a transaction dated 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 directly owned 3,494,768 shares in the company, valued at $42,077,006.72. This trade represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 311,344 shares of company stock worth $3,591,223 in the last 90 days. 39.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LUNR. Philadelphia Trust Co. boosted its holdings in Intuitive Machines by 10.0% during the 1st quarter. Philadelphia Trust Co. now owns 11,000 shares of the company's stock valued at $82,000 after acquiring an additional 1,000 shares during the period. Invesco Ltd. lifted its position in shares of 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 purchasing an additional 1,026 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Intuitive Machines by 10.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,187 shares of the company's stock valued at $312,000 after purchasing an additional 1,566 shares during the period. Quarry LP purchased a new stake in shares of Intuitive Machines during the fourth quarter valued at $44,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Intuitive Machines by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company's stock worth $1,285,000 after purchasing an additional 2,499 shares during the last quarter. Institutional investors own 72.21% of the company's stock.

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.