Intuitive Machines, Inc. (NASDAQ:LUNR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have earned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $15.83.

A number of analysts have weighed in on the stock. Bank of America assumed coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 target price for the company. Canaccord Genuity Group raised their target price on Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Benchmark upped their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Cantor Fitzgerald boosted their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, November 15th.

Insider Buying and Selling

In related news, insider Steven Vontur sold 4,528 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the transaction, the insider now owns 104,272 shares in the company, valued at $2,043,731.20. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the sale, the director now owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. This represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 771,632 shares of company stock worth $12,947,078. Corporate insiders own 73.68% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Intuitive Machines by 33.6% during the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock worth $73,503,000 after purchasing an additional 1,017,706 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after purchasing an additional 222,136 shares during the period. Van ECK Associates Corp purchased a new stake in Intuitive Machines during the 4th quarter worth about $3,403,000. Squarepoint Ops LLC acquired a new stake in shares of Intuitive Machines in the 2nd quarter valued at $536,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Intuitive Machines during the 4th quarter worth about $2,361,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Stock Performance

LUNR opened at $18.14 on Wednesday. Intuitive Machines has a 52-week low of $3.15 and a 52-week high of $24.95. The firm has a market cap of $2.55 billion, a P/E ratio of -6.17 and a beta of 0.92. The business’s fifty day moving average is $17.68 and its 200-day moving average is $11.09.

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.