Intuitive Machines, Inc. (NASDAQ:LUNR) Given Average Recommendation of “Hold” by Brokerages

Intuitive Machines, Inc. (NASDAQ:LUNR) has received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $31.50.

A number of brokerages have recently commented on LUNR. Roth Mkm upped their price objective on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Zacks Research lowered shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Stifel Nicolaus set a $32.00 price objective on shares of Intuitive Machines in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $34.00 target price on shares of Intuitive Machines in a report on Wednesday, May 20th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Wednesday.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the sale, the senior vice president directly owned 351,279 shares in the company, valued at approximately $7,682,471.73. This trade represents a 29.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kamal Seyed Ghaffarian sold 141,909 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $39.02, for a total transaction of $5,537,289.18. Following the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at $136,365,847.36. This represents a 3.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,066,527 shares of company stock worth $29,896,194. Insiders own 54.10% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Several hedge funds and other institutional investors have recently made changes to their positions in LUNR. International Assets Investment Management LLC bought a new position in Intuitive Machines during the fourth quarter worth $28,000. State of Wyoming acquired a new stake in shares of Intuitive Machines during the first quarter worth $39,000. GAMMA Investing LLC lifted its holdings in shares of Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after buying an additional 781 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after buying an additional 1,016 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Intuitive Machines by 406.4% during the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after buying an additional 2,337 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

Intuitive Machines Trading Up 5.8%

Shares of Intuitive Machines stock opened at $19.79 on Friday. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of -22.49 and a beta of 1.68. Intuitive Machines has a 1-year low of $7.78 and a 1-year high of $46.75. The firm has a fifty day simple moving average of $29.56 and a 200-day simple moving average of $22.08.

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