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

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $16.06.

Several equities research analysts have weighed in on the company. Roth Mkm dropped their price objective on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Barclays began coverage on Intuitive Machines in a report on Thursday, May 22nd. They issued a "neutral" rating for the company. Cantor Fitzgerald raised their target price on Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Benchmark restated a "buy" rating and issued a $16.00 target price on shares of Intuitive Machines in a research note on Tuesday, March 25th. Finally, B. Riley restated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th.

Intuitive Machines Stock Performance

NASDAQ LUNR opened at $10.81 on Friday. Intuitive Machines has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The stock has a 50 day simple moving average of $10.66 and a two-hundred day simple moving average of $12.93. The stock has a market cap of $1.93 billion, a P/E ratio of -3.96 and a beta of 1.41.

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

Insider Buying and Selling

In related news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the completion of the transaction, the director owned 3,494,768 shares of the company's stock, valued at $42,286,692.80. This trade represents a 4.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter Mcgrath sold 72,168 shares of the firm'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 value of $866,016.00. Following the transaction, the chief financial officer directly owned 366,824 shares of the company's stock, valued at approximately $4,401,888. This trade represents a 16.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 311,344 shares of company stock valued at $3,591,223. 39.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its holdings in shares of Intuitive Machines by 15.1% in the 4th quarter. Rhumbline Advisers now owns 43,648 shares of the company's stock worth $793,000 after purchasing an additional 5,735 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Intuitive Machines by 3.7% in the 4th 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 in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock worth $70,000 after purchasing an additional 3,381 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Intuitive Machines by 201.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock worth $90,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Intuitive Machines by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 109,761 shares of the company's stock worth $1,993,000 after purchasing an additional 5,970 shares in the last quarter. Institutional investors 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.

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