Intuitive Machines’ (LUNR) Buy Rating Reaffirmed at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Intuitive Machines (NASDAQ:LUNR) in a report issued on Wednesday, Benzinga reports. They currently have a $10.00 target price on the stock.

LUNR has been the subject of several other reports. B. Riley started coverage on Intuitive Machines in a report on Friday, June 28th. They issued a buy rating and a $8.00 target price for the company. Cantor Fitzgerald reissued an overweight rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Monday, September 9th. Finally, Benchmark reaffirmed a buy rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of Buy and an average target price of $9.80.

Intuitive Machines Trading Up 38.3 %

NASDAQ:LUNR opened at $7.47 on Wednesday. The company has a market cap of $931.00 million, a P/E ratio of 18.22 and a beta of 0.26. Intuitive Machines has a twelve month low of $2.09 and a twelve month high of $13.25. The company’s 50-day moving average price is $4.61 and its 200-day moving average price is $4.88.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million for the quarter, compared to analyst estimates of $43.00 million. On average, analysts expect that Intuitive Machines will post 0.47 earnings per share for the current year.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, CFO Steven Vontur sold 10,274 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total transaction of $57,328.92. Following the completion of the transaction, the chief financial officer now owns 117,500 shares of the company’s stock, valued at $655,650. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Steven Vontur sold 10,274 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total value of $57,328.92. Following the transaction, the chief financial officer now directly owns 117,500 shares in the company, valued at approximately $655,650. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at approximately $1,219,041.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,827,154 shares of company stock worth $9,893,973. Company insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently modified their holdings of LUNR. Vanguard Group Inc. boosted its position in Intuitive Machines by 250.0% in the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after buying an additional 429,531 shares during the period. Squarepoint Ops LLC purchased a new stake in Intuitive Machines during the 2nd quarter worth about $536,000. Bank of New York Mellon Corp acquired a new stake in Intuitive Machines in the 2nd quarter valued at about $272,000. Sanders Morris Harris LLC boosted its stake in shares of Intuitive Machines by 264.9% in the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock valued at $230,000 after buying an additional 50,600 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Intuitive Machines during the second quarter worth about $164,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.