Intuitive Machines (NASDAQ:LUNR) Earns “Buy” Rating from Benchmark

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “buy” rating reiterated by research analysts at Benchmark in a research note issued on Tuesday,Benzinga reports. They currently have a $16.00 price target on the stock. Benchmark’s price target would suggest a potential upside of 82.03% from the stock’s previous close.

A number of other equities analysts also recently issued reports on LUNR. Roth Capital set a $20.00 price objective on shares of Intuitive Machines in a report on Friday, March 7th. Canaccord Genuity Group dropped their price target on shares of Intuitive Machines from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Bank of America began coverage on Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price objective for the company. Roth Mkm decreased their target price on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Intuitive Machines Price Performance

NASDAQ LUNR opened at $8.79 on Tuesday. Intuitive Machines has a 1-year low of $3.15 and a 1-year high of $24.95. 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 business’s fifty day moving average price is $15.70 and its 200-day moving average price is $12.93.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. The firm had revenue of $54.66 million during the quarter, compared to the consensus estimate of $72.58 million. Equities research analysts anticipate that Intuitive Machines will post 0.73 EPS for the current year.

Insider Buying and Selling

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company’s 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 completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at $64,128,992.80. This represents a 9.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction that occurred on 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 in the company, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 391,767 shares of company stock valued at $7,233,038. Company insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently bought and sold shares of the business. Quarry LP bought a new stake in Intuitive Machines in the fourth quarter worth $44,000. Jones Financial Companies Lllp boosted its position in Intuitive Machines by 751.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after acquiring an additional 3,381 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Intuitive Machines in the 3rd quarter valued at about $85,000. Steward Partners Investment Advisory LLC grew its holdings in Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new position in Intuitive Machines during the 4th quarter worth $91,000. Institutional investors own 72.21% of the company’s stock.

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.