Brokerages Set Intuitive Machines, Inc. (NASDAQ:LUNR) PT at $17.27

Intuitive Machines, Inc. (NASDAQ:LUNR) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $17.2727.

Several equities analysts recently issued reports on LUNR shares. Stifel Nicolaus set a $20.00 price target on shares of Intuitive Machines and gave the company a “hold” rating in a report on Friday, January 9th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Intuitive Machines in a research note on Wednesday, December 3rd. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Bank of America lifted their price objective on Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a research report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research note on Thursday, January 22nd.

Insider Activity

In other news, CEO Stephen J. Altemus sold 1,958,593 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,026,402 shares in the company, valued at approximately $16,186,359.54. This represents a 65.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy Price Crain II sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $16.04, for a total transaction of $3,208,000.00. Following the completion of the sale, the senior vice president directly owned 298,435 shares of the company’s stock, valued at approximately $4,786,897.40. This represents a 40.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,689,913 shares of company stock worth $62,240,781. 39.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Invesco Ltd. increased its stake in shares of Intuitive Machines by 19.7% in the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock valued at $120,000 after buying an additional 2,643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Intuitive Machines by 43.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after purchasing an additional 7,528 shares during the period. Caxton Associates LLP bought a new stake in Intuitive Machines during the 1st quarter worth about $139,000. KLP Kapitalforvaltning AS raised its holdings in Intuitive Machines by 34.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,600 shares of the company’s stock worth $235,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in Intuitive Machines by 44.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 33,500 shares of the company’s stock valued at $364,000 after purchasing an additional 10,300 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR opened at $16.62 on Friday. Intuitive Machines has a 52-week low of $6.14 and a 52-week high of $23.32. The business has a fifty day moving average of $17.19 and a two-hundred day moving average of $12.66. The stock has a market cap of $3.00 billion, a PE ratio of -6.73 and a beta of 1.37.

About Intuitive Machines

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.