Intuitive Machines (NASDAQ:LUNR) Raised to Hold at Barclays

Intuitive Machines (NASDAQ:LUNR - Get Free Report) was upgraded by equities researchers at Barclays to a "hold" rating in a research report issued on Thursday, Marketbeat reports. The brokerage presently has a $13.00 price target on the stock. Barclays's target price would suggest a potential upside of 2.32% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price target on the stock. Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Cantor Fitzgerald increased their price target on shares of Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Roth Mkm dropped their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. Finally, Canaccord Genuity Group increased their price target 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. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.06.

Intuitive Machines Trading Up 12.0%

NASDAQ:LUNR traded up $1.37 during mid-day trading on Thursday, hitting $12.71. The stock had a trading volume of 8,905,473 shares, compared to its average volume of 12,566,302. The stock has a 50-day simple moving average of $8.84 and a two-hundred day simple moving average of $13.32. The company has a market capitalization of $2.27 billion, a PE ratio of -4.33 and a beta of 1.32. Intuitive Machines has a twelve month low of $3.15 and a twelve month high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its 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 company had revenue of $62.52 million for the quarter, compared to analysts' expectations of $66.07 million. Sell-side analysts predict that Intuitive Machines will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In related news, CFO Peter Mcgrath sold 72,168 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total value of $866,016.00. Following the sale, the chief financial officer now directly owns 366,824 shares in the company, valued at $4,401,888. The trade was a 16.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of the business'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 completion of the sale, the director now owns 3,494,768 shares in the company, valued at $42,286,692.80. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 271,090 shares of company stock valued at $3,106,565. 73.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Intuitive Machines in the 4th quarter worth about $44,000. Rossby Financial LCC purchased a new stake in shares of Intuitive Machines in the 1st quarter worth about $67,000. Jones Financial Companies Lllp boosted its position 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 buying an additional 3,381 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of Intuitive Machines in the 1st quarter worth about $78,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Intuitive Machines in the 1st quarter worth about $81,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.