Intuitive Machines, Inc. (NASDAQ:LUNR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $16.00.

A number of research analysts have recently issued reports on LUNR shares. 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. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 target price on the stock. Benchmark reissued a “buy” rating and issued a $16.00 price target on shares of Intuitive Machines in a report on Tuesday. Roth Capital set a $20.00 price objective on Intuitive Machines in a report on Friday, March 7th. Finally, Cantor Fitzgerald reduced their target price on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday.

Insider Buying and Selling at Intuitive Machines

In other news, insider Steven Vontur sold 4,528 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total value of $88,748.80. Following the sale, the insider now directly owns 104,272 shares in the company, valued at $2,043,731.20. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction that occurred 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 transaction, 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 90 days, insiders have sold 391,767 shares of company stock valued at $7,233,038. Insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Intuitive Machines by 33.6% in the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock valued at $73,503,000 after purchasing an additional 1,017,706 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Intuitive Machines during the fourth quarter worth about $33,255,000. Renaissance Technologies LLC raised its position 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 valued at $22,170,000 after buying an additional 609,118 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Intuitive Machines by 3,991.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock valued at $21,102,000 after buying an additional 1,133,581 shares during the period. Finally, Geode Capital Management LLC boosted its position in Intuitive Machines by 20.5% during the fourth quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company’s stock worth $20,437,000 after acquiring an additional 191,733 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Trading Down 4.5 %

Intuitive Machines stock opened at $8.79 on Thursday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.99 and a beta of 1.01. The stock has a 50 day moving average of $15.70 and a two-hundred day moving average of $12.93. Intuitive Machines has a twelve month low of $3.15 and a twelve month high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.12. The company had revenue of $54.66 million for the quarter, compared to analyst estimates of $72.58 million. Equities analysts predict that Intuitive Machines will post 0.73 earnings per share for the current year.

About Intuitive Machines

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.