Intuitive Machines (NASDAQ:LUNR) Upgraded to "Hold" at Barclays

Intuitive Machines (NASDAQ:LUNR - Get Free Report) was upgraded by research analysts at Barclays to a "hold" rating in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage currently has a $13.00 price target on the stock. Barclays's price target points to a potential upside of 13.44% from the stock's previous close.

A number of other equities analysts also recently weighed in on LUNR. Roth Mkm decreased their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 target price for the company. Canaccord Genuity Group raised their target price on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Roth Capital reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Finally, B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $16.06.

Intuitive Machines Price Performance

LUNR stock opened at $11.46 on Thursday. Intuitive Machines has a 1 year low of $3.15 and a 1 year high of $24.95. The company has a market cap of $2.04 billion, a P/E ratio of -3.90 and a beta of 1.32. The firm has a 50-day moving average of $8.67 and a 200 day moving average of $13.22.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The company had revenue of $62.52 million for the quarter, compared to the consensus estimate of $66.07 million. On average, equities research analysts expect that Intuitive Machines will post 0.73 earnings per share for the current fiscal 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 shares were sold at an average price of $12.10, for a total value of $1,948,293.60. Following the sale, the director now owns 3,494,768 shares in the company, valued at approximately $42,286,692.80. This trade represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Peter Mcgrath sold 37,906 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total transaction of $292,255.26. Following the completion of the sale, the chief financial officer now owns 438,992 shares in the company, valued at $3,384,628.32. This represents a 7.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 271,090 shares of company stock worth $3,106,565. 73.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of Intuitive Machines during the 4th quarter worth $44,000. Rossby Financial LCC purchased a new position in shares of Intuitive Machines during the 1st quarter worth $67,000. Jones Financial Companies Lllp boosted its stake in shares of Intuitive Machines by 751.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock worth $70,000 after acquiring an additional 3,381 shares during the last quarter. Sigma Planning Corp purchased a new position in shares of Intuitive Machines during the 1st quarter worth $78,000. Finally, Park Avenue Securities LLC purchased a new position in shares of Intuitive Machines during the 1st quarter worth $81,000. Hedge funds and other 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.