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

Key Points

• Analysts: Fourteen brokerages give LUNR a consensus rating of "Moderate Buy" (10 buy, 2 hold, 2 sell) with an average 1‑year price target of $15.50.
• Insider activity: Director Michael Blitzer bought 141,080 shares at $9.27 on Nov. 12, increasing his stake to 1,831,248 shares (an 8.35% rise); corporate insiders now own 39.75% of the company.
• Institutional interest & stock metrics: Hedge funds/insitutions have been adding shares (First Trust raised its position to 2,453,301 shares), institutional ownership is 72.21%, market cap is $1.67B and the stock trades around $9.26 with a 52‑week range of $6.14–$24.95.

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $15.50.

Several equities research analysts have commented on LUNR shares. Stifel Nicolaus initiated coverage on shares of Intuitive Machines in a research note on Monday, November 3rd. They issued a "buy" rating and a $18.00 target price for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Intuitive Machines in a report on Wednesday, October 8th. Canaccord Genuity Group dropped their price objective on Intuitive Machines from $18.50 to $15.50 and set a "buy" rating on the stock in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft set a $18.00 target price on Intuitive Machines and gave the stock a "buy" rating in a report on Friday, October 17th. Finally, Zacks Research raised Intuitive Machines from a "strong sell" rating to a "hold" rating in a research note on Thursday, November 20th.

Intuitive Machines Price Performance

Shares of NASDAQ:LUNR opened at $9.26 on Tuesday. The firm's 50 day simple moving average is $10.78 and its 200 day simple moving average is $10.58. Intuitive Machines has a fifty-two week low of $6.14 and a fifty-two week high of $24.95. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -3.75 and a beta of 1.44.

Insider Activity

In other Intuitive Machines news, Director Michael Blitzer bought 141,080 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average cost of $9.27 per share, with a total value of $1,307,811.60. Following the purchase, the director owned 1,831,248 shares in the company, valued at $16,975,668.96. This trade represents a 8.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 39.75% of the company's stock.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP lifted its position in shares of Intuitive Machines by 3,582.9% in the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company's stock worth $25,809,000 after purchasing an additional 2,386,688 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in Intuitive Machines in the 1st quarter valued at $15,739,000. Voya Investment Management LLC bought a new stake in Intuitive Machines during the 1st quarter worth about $11,311,000. Jump Financial LLC boosted its stake in shares of Intuitive Machines by 5,262.9% during the 3rd quarter. Jump Financial LLC now owns 1,339,872 shares of the company's stock worth $14,095,000 after buying an additional 1,314,888 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Intuitive Machines by 78.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company's stock worth $28,191,000 after buying an additional 1,141,454 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

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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