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

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have received an average rating of "Moderate Buy" from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $16.44.

Several analysts recently issued reports on LUNR shares. Canaccord Genuity Group increased their price target on Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a report on Wednesday. Benchmark reaffirmed a "buy" rating and set a $16.00 price target on shares of Intuitive Machines in a research report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 target price on the stock. Roth Capital restated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday. Finally, B. Riley reiterated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th.

Intuitive Machines Price Performance

Shares of NASDAQ:LUNR opened at $11.83 on Friday. Intuitive Machines has a 12 month low of $3.15 and a 12 month high of $24.95. The business's 50 day simple moving average is $8.21 and its 200-day simple moving average is $13.09. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -4.02 and a beta of 1.32.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The business 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 Transactions at Intuitive Machines

In related news, 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 directly owns 366,824 shares of the company's stock, valued at $4,401,888. The trade was a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of the business'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 sale, the director now directly owns 3,494,768 shares of the company's stock, valued at approximately $42,286,692.80. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 271,090 shares of company stock worth $3,106,565. 73.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Several large investors have recently bought and sold shares of the company. Van ECK Associates Corp bought a new stake in shares of Intuitive Machines during the fourth quarter worth $3,403,000. Entropy Technologies LP acquired a new stake in Intuitive Machines in the fourth quarter valued at $895,000. Spire Wealth Management acquired a new stake in Intuitive Machines in the fourth quarter valued at $469,000. Nations Financial Group Inc. IA ADV acquired a new stake in Intuitive Machines in the fourth quarter valued at $244,000. Finally, Headlands Technologies LLC lifted its stake in shares of Intuitive Machines by 161,529.8% during the 4th quarter. Headlands Technologies LLC now owns 244,061 shares of the company's stock worth $4,432,000 after buying an additional 243,910 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.

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