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

Intuitive Machines, Inc. (NASDAQ:LUNR) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $31.50.

Several research analysts recently weighed in on the company. Cantor Fitzgerald lifted their price target on Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $34.00 target price on shares of Intuitive Machines in a research note on Wednesday, May 20th. Finally, Canaccord Genuity Group increased their price target on shares of Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 15th.

Insiders Place Their Bets

In related news, SVP Timothy Price Crain II sold 150,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $21.87, for a total value of $3,280,500.00. Following the completion of the transaction, the senior vice president owned 351,279 shares of the company’s stock, valued at approximately $7,682,471.73. This represents a 29.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William John Liquori, Jr. sold 18,321 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $29.87, for a total value of $547,248.27. Following the completion of the sale, the director directly owned 68,875 shares in the company, valued at approximately $2,057,296.25. The trade was a 21.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 877,866 shares of company stock worth $24,403,134. Company insiders own 54.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LUNR. Trustees of the University of Pennsylvania acquired a new stake in Intuitive Machines in the 4th quarter valued at $52,689,000. Tema ETFs LLC raised its position in Intuitive Machines by 139,768.2% during the second quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock worth $66,418,000 after acquiring an additional 3,102,854 shares during the period. UBS Group AG raised its position in Intuitive Machines by 22.0% during the fourth quarter. UBS Group AG now owns 3,095,383 shares of the company’s stock worth $50,238,000 after acquiring an additional 557,517 shares during the period. Geode Capital Management LLC lifted its holdings in Intuitive Machines by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company’s stock valued at $44,399,000 after purchasing an additional 61,084 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Intuitive Machines by 18.4% during the third quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock valued at $28,165,000 after purchasing an additional 415,359 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Intuitive Machines Stock Performance

NASDAQ:LUNR opened at $13.52 on Wednesday. The firm’s fifty day moving average is $26.80 and its two-hundred day moving average is $22.56. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of -15.36 and a beta of 1.78. Intuitive Machines has a one year low of $7.78 and a one year high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million during the quarter, compared to analyst estimates of $202.95 million. As a group, equities research analysts predict that Intuitive Machines will post -0.36 earnings per share for the current fiscal year.

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.