Brokerages Set Intuitive Machines, Inc. (NASDAQ:LUNR) PT at $15.50

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.50.

A number of brokerages have issued reports on LUNR. Canaccord Genuity Group decreased their target price on Intuitive Machines from $18.50 to $15.50 and set a “buy” rating for the company in a research report on Friday, November 7th. Stifel Nicolaus assumed coverage on Intuitive Machines in a research report on Monday, November 3rd. They set a “buy” rating and a $18.00 price objective for the company. Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft set a $18.00 price objective on Intuitive Machines and gave the company a “buy” rating in a research report on Friday, October 17th.

Intuitive Machines Trading Up 11.8%

Intuitive Machines stock opened at $11.40 on Tuesday. Intuitive Machines has a 1-year low of $6.14 and a 1-year high of $24.95. The firm’s fifty day simple moving average is $10.79 and its 200-day simple moving average is $10.56. The company has a market capitalization of $2.05 billion, a P/E ratio of -4.62 and a beta of 1.44.

Insiders Place Their Bets

In related news, Director Michael Blitzer purchased 100,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $8.83 per share, for a total transaction of $883,000.00. Following the transaction, the director directly owned 1,931,248 shares of the company’s stock, valued at approximately $17,052,919.84. This trade represents a 5.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 39.75% of the stock is currently owned by company insiders.

Institutional Trading of Intuitive Machines

A number of large investors have recently bought and sold shares of LUNR. Golden State Wealth Management LLC increased its holdings in shares of Intuitive Machines by 180.0% during the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after buying an additional 1,800 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Intuitive Machines by 35.6% during the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after acquiring an additional 1,127 shares during the period. Quarry LP boosted its stake in shares of Intuitive Machines by 151.4% in the 3rd quarter. Quarry LP now owns 6,457 shares of the company’s stock valued at $68,000 after purchasing an additional 3,889 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Intuitive Machines during the third quarter worth $94,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Intuitive Machines in the third quarter valued at about $109,000. 72.21% of the stock is currently owned by institutional investors.

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.