Intuitive Machines, Inc. (NASDAQ:LUNR) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $16.44.

A number of analysts recently commented on the stock. Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 price objective for the company. Bank of America initiated 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, Canaccord Genuity Group raised their target price on Intuitive Machines from $21.00 to $21.50 and gave the stock a "buy" rating in a research note on Wednesday, May 14th.

Intuitive Machines Trading Down 5.7%

Shares of LUNR stock traded down $0.68 during trading hours on Friday, reaching $11.23. 5,320,641 shares of the company's stock were exchanged, compared to its average volume of 12,511,104. Intuitive Machines has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The stock's 50 day moving average is $8.60 and its 200-day moving average is $13.19. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -3.82 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 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. Equities analysts anticipate that Intuitive Machines will post 0.73 EPS for the current year.

Insider Transactions at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the firm's stock in a transaction dated 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 $42,286,692.80. This trade represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $866,016.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 271,090 shares of company stock worth $3,106,565 over the last 90 days. 73.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently made changes to their positions in LUNR. Gotham Asset Management LLC acquired a new stake in Intuitive Machines during the first quarter valued at $15,739,000. Two Sigma Investments LP acquired a new stake in Intuitive Machines during the fourth quarter valued at $33,255,000. D. E. Shaw & Co. Inc. grew its position in Intuitive Machines by 3,991.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company's stock valued at $21,102,000 after buying an additional 1,133,581 shares during the period. Vanguard Group Inc. grew its position in Intuitive Machines by 33.6% during the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock valued at $73,503,000 after buying an additional 1,017,706 shares during the period. Finally, ARK Investment Management LLC acquired a new stake in Intuitive Machines during the first quarter valued at $5,531,000. 72.21% of the stock is currently 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.