Intuitive Machines (NASDAQ:LUNR) PT Raised to $12.00 at B. Riley

Intuitive Machines (NASDAQ:LUNR) had its target price lifted by stock analysts at B. Riley from $8.00 to $12.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would indicate a potential upside of 43.37% from the stock’s current price.

A number of other research analysts have also weighed in on LUNR. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday. Roth Mkm restated a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday. Finally, Benchmark restated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $10.60.

Intuitive Machines Stock Performance

Shares of Intuitive Machines stock traded up $0.90 on Thursday, reaching $8.37. 39,690,197 shares of the stock were exchanged, compared to its average volume of 7,740,969. The firm’s 50 day moving average is $4.61 and its 200-day moving average is $4.88. Intuitive Machines has a one year low of $2.09 and a one year high of $13.25. The firm has a market cap of $1.04 billion, a PE ratio of 20.41 and a beta of 0.26.

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

Insiders Place Their Bets

In other Intuitive Machines news, CEO Stephen J. Altemus sold 440,288 shares of Intuitive Machines stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $6.03, for a total value of $2,654,936.64. Following the transaction, the chief executive officer now owns 910,919 shares in the company, valued at $5,492,841.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Intuitive Machines news, SVP Timothy Price Crain II sold 50,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $3.36, for a total transaction of $168,000.00. Following the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen J. Altemus sold 440,288 shares of Intuitive Machines stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $6.03, for a total transaction of $2,654,936.64. Following the completion of the transaction, the chief executive officer now owns 910,919 shares of the company’s stock, valued at approximately $5,492,841.57. The disclosure for this sale can be found here. Insiders have sold a total of 1,827,154 shares of company stock worth $9,893,973 over the last quarter. Company insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Several hedge funds and other institutional investors have recently bought and sold shares of LUNR. Vanguard Group Inc. raised its holdings in Intuitive Machines by 250.0% during the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after purchasing an additional 429,531 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Intuitive Machines during the second quarter worth approximately $536,000. Bank of New York Mellon Corp purchased a new position in shares of Intuitive Machines in the 2nd quarter valued at $272,000. Sanders Morris Harris LLC grew its holdings in Intuitive Machines by 264.9% during the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock valued at $230,000 after purchasing an additional 50,600 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Intuitive Machines during the 2nd quarter valued at $164,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.