Intuitive Machines (NASDAQ:LUNR) Hits New 1-Year High - Time to Buy?

Key Points

• Intuitive Machines stock hit a new 52-week high, trading as high as $25.55 and last at $24.41 on heavy volume, giving the company a market capitalization around $5.29 billion.
• Several analysts have raised price targets (Cantor Fitzgerald and KeyCorp to $26), yet the street consensus remains a "Hold" with a consensus price target of $19.94.
• Significant insider selling has occurred recently — insiders sold 1,397,311 shares worth $27.24 million over the last 90 days, including a director sale of 141,909 shares at $23.20.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $25.55 and last traded at $24.41, with a volume of 20863100 shares trading hands. The stock had previously closed at $23.57.

Analysts Set New Price Targets

Several equities analysts have weighed in on LUNR shares. Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $16.00 to $26.00 and gave the company an "overweight" rating in a report on Friday, March 20th. KeyCorp boosted their target price on shares of Intuitive Machines from $20.00 to $26.00 and gave the company an "overweight" rating in a report on Wednesday, January 28th. Canaccord Genuity Group boosted their target price on shares of Intuitive Machines from $22.50 to $24.00 and gave the company a "buy" rating in a report on Friday, March 20th. Weiss Ratings restated a "sell (d-)" rating on shares of Intuitive Machines in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Intuitive Machines from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, March 20th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $19.94.

Intuitive Machines Trading Up 3.6%

The firm's fifty day moving average price is $18.75 and its 200 day moving average price is $15.37. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of -32.99 and a beta of 1.31.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $44.79 million during the quarter, compared to analyst estimates of $53.37 million. On average, analysts forecast that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, insider Steven Vontur sold 4,343 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $17.44, for a total transaction of $75,741.92. Following the sale, the insider directly owned 117,047 shares in the company, valued at $2,041,299.68. This represents a 3.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 141,909 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $23.20, for a total transaction of $3,292,288.80. Following the sale, the director owned 3,494,768 shares in the company, valued at approximately $81,078,617.60. This trade represents a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,397,311 shares of company stock worth $27,242,918 over the last 90 days. 39.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company's stock worth $43,000 after buying an additional 781 shares in the last quarter. Sigma Planning Corp lifted its holdings in Intuitive Machines by 8.8% during the 4th quarter. Sigma Planning Corp now owns 10,947 shares of the company's stock worth $178,000 after buying an additional 886 shares in the last quarter. Tealwood Asset Management Inc. increased its position in shares of Intuitive Machines by 4.4% in the 3rd quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company's stock valued at $224,000 after purchasing an additional 900 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company's stock valued at $43,000 after purchasing an additional 1,016 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Intuitive Machines by 3.6% in the 4th quarter. Handelsbanken Fonder AB now owns 34,400 shares of the company's stock valued at $558,000 after purchasing an additional 1,200 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

About Intuitive Machines

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA's Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.

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