Intuitive Machines, Inc. (NASDAQ:LUNR) Receives $16.14 Consensus PT from Brokerages

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $16.14.

A number of analysts have recently weighed in on LUNR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price on the stock. Cantor Fitzgerald upped their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Benchmark increased their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Bank of America started coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price objective for the company. Finally, Canaccord Genuity Group raised their price objective on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th.

Intuitive Machines Price Performance

NASDAQ:LUNR opened at $13.47 on Friday. The firm’s 50-day moving average price is $19.07 and its 200-day moving average price is $12.63. The company has a market capitalization of $1.89 billion, a PE ratio of -4.58 and a beta of 0.92. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95.

Insider Buying and Selling at Intuitive Machines

In other news, insider Steven Vontur sold 4,528 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the sale, the insider now owns 104,272 shares of the company’s stock, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. The trade was a 9.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 393,659 shares of company stock worth $7,262,364. 73.68% of the stock is owned by corporate insiders.

Institutional Trading of Intuitive Machines

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings 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 valued at $73,503,000 after acquiring an additional 1,017,706 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Intuitive Machines in the fourth quarter worth approximately $33,255,000. Renaissance Technologies LLC boosted its holdings in shares of Intuitive Machines by 99.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after buying an additional 609,118 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Intuitive Machines by 3,991.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock worth $21,102,000 after buying an additional 1,133,581 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Intuitive Machines by 20.5% in the fourth quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company’s stock worth $20,437,000 after buying an additional 191,733 shares during the last quarter. 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.