Intuitive Machines, Inc. (NASDAQ:LUNR) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have been given an average rating of "Moderate Buy" by the six brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.83.

LUNR has been the subject of a number of research analyst reports. Cantor Fitzgerald lifted their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Canaccord Genuity Group boosted their target price on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Bank of America started coverage on shares of Intuitive Machines in a research report on Wednesday. They set an "underperform" rating and a $16.00 price target on the stock. Finally, Benchmark lifted their price target on Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 15th.

Insider Activity

In related news, insider Steven Vontur sold 9,266 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $22.50, for a total transaction of $208,485.00. Following the completion of the transaction, the insider now owns 98,656 shares in the company, valued at $2,219,760. The trade was a 8.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stephen J. Altemus sold 61,432 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.00, for a total value of $675,752.00. Following the transaction, the chief executive officer now owns 910,919 shares of the company's stock, valued at approximately $10,020,109. The trade was a 6.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,367,104 shares of company stock valued at $19,912,186. Company insiders own 73.68% of the company's stock.

Institutional Trading of Intuitive Machines

Several hedge funds have recently bought and sold shares of the company. FORA Capital LLC bought a new position in Intuitive Machines in the 3rd quarter worth about $458,000. Geode Capital Management LLC grew its holdings in Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock worth $7,514,000 after buying an additional 222,136 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Intuitive Machines in the 2nd quarter valued at approximately $536,000. Stifel Financial Corp bought a new stake in Intuitive Machines during the 3rd quarter valued at $525,000. Finally, Spire Wealth Management bought a new stake in Intuitive Machines during the 4th quarter valued at $469,000. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Trading Down 5.1 %

LUNR stock traded down $0.99 during midday trading on Wednesday, hitting $18.40. 11,630,130 shares of the company's stock were exchanged, compared to its average volume of 12,584,175. The firm has a 50 day moving average price of $17.57 and a 200-day moving average price of $10.94. Intuitive Machines has a 12-month low of $3.15 and a 12-month high of $24.95. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -6.26 and a beta of 0.92.

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.