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

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $16.7273.

LUNR has been the subject of a number of analyst reports. Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. KeyCorp started coverage on shares of Intuitive Machines in a research note on Thursday, December 18th. They issued an “overweight” rating and a $20.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of Intuitive Machines and gave the company a “buy” rating in a research note on Friday, October 17th. Roth Mkm restated a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Intuitive Machines in a report on Wednesday, December 3rd.

Intuitive Machines Stock Up 10.2%

LUNR opened at $20.29 on Wednesday. The firm has a market cap of $3.66 billion, a PE ratio of -8.21 and a beta of 1.37. The business has a fifty day simple moving average of $14.75 and a 200-day simple moving average of $12.01. Intuitive Machines has a fifty-two week low of $6.14 and a fifty-two week high of $23.89.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, CEO Stephen J. Altemus sold 1,958,593 shares of Intuitive Machines stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $15.77, for a total transaction of $30,887,011.61. Following the completion of the sale, the chief executive officer owned 1,026,402 shares of the company’s stock, valued at $16,186,359.54. This trade represents a 65.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Blitzer purchased 141,080 shares of the stock in a transaction dated Wednesday, November 12th. The shares were bought at an average price of $9.27 per share, for a total transaction of $1,307,811.60. Following the completion of the acquisition, the director owned 1,831,248 shares in the company, valued at $16,975,668.96. This represents a 8.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 3,550,000 shares of company stock valued at $59,924,826. Corporate insiders own 39.75% of the company’s stock.

Institutional Trading of Intuitive Machines

Institutional investors have recently bought and sold shares of the company. ARK Investment Management LLC lifted its position in Intuitive Machines by 56.1% during the 2nd quarter. ARK Investment Management LLC now owns 1,158,775 shares of the company’s stock worth $12,596,000 after acquiring an additional 416,337 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Intuitive Machines by 36.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,752 shares of the company’s stock valued at $5,121,000 after purchasing an additional 129,896 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Intuitive Machines during the 3rd quarter worth about $3,134,000. Ensign Peak Advisors Inc acquired a new position in shares of Intuitive Machines during the 2nd quarter worth about $373,000. Finally, Voya Investment Management LLC boosted its stake in Intuitive Machines by 56.1% during the 3rd quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock valued at $27,948,000 after purchasing an additional 954,778 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Company Profile

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.