Intuitive Machines, Inc. (NASDAQ:LUNR) Receives Average Rating of “Buy” from Analysts

Intuitive Machines, Inc. (NASDAQ:LUNR) has earned a consensus recommendation of “Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.80.

LUNR has been the subject of a number of analyst reports. Benchmark lifted their price target on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Cantor Fitzgerald increased their target price on Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Canaccord Genuity Group increased their price target on Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, Bank of America began coverage on shares of Intuitive Machines in a research report on Wednesday. They issued an “underperform” rating and a $16.00 price target for the company.

Insiders Place Their Bets

In other Intuitive Machines news, insider Steven Vontur sold 9,266 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the sale, the insider now directly owns 98,656 shares of the company’s stock, valued at $2,219,760. This trade represents a 8.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy Price Crain II sold 400,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the completion of the sale, the senior vice president now owns 362,810 shares in the company, valued at approximately $4,390,001. This trade represents a 52.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,367,104 shares of company stock worth $19,912,186 over the last quarter. Company insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently made changes to their positions in LUNR. FORA Capital LLC purchased a new position in Intuitive Machines in the third quarter worth $458,000. Geode Capital Management LLC boosted its stake in shares of Intuitive Machines by 31.2% during the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after purchasing an additional 222,136 shares during the period. Squarepoint Ops LLC purchased a new position in Intuitive Machines in the second quarter worth $536,000. Stifel Financial Corp acquired a new stake in Intuitive Machines during the third quarter worth about $525,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Intuitive Machines by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock worth $836,000 after acquiring an additional 32,015 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Price Performance

Shares of LUNR stock opened at $21.58 on Wednesday. The stock has a market cap of $3.03 billion, a PE ratio of -7.34 and a beta of 0.92. Intuitive Machines has a one year low of $3.15 and a one year high of $24.95. The stock has a 50-day moving average of $17.18 and a 200-day moving average of $10.55.

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.