Analysts Set Intuitive Machines, Inc. (NASDAQ:LUNR) Target Price at $16.00

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have been given an average rating of "Moderate Buy" by the seven analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $16.00.

LUNR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price target on the stock. Bank of America started coverage on Intuitive Machines in a report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 target price for the company. Roth Capital set a $20.00 price target on Intuitive Machines in a report on Friday, March 7th. Cantor Fitzgerald reduced their price objective on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday, March 25th. Finally, Canaccord Genuity Group decreased their target price on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th.

Insider Buying and Selling

In other news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Vontur sold 9,266 shares of the company'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 sale, the insider now directly owns 98,656 shares in the company, valued at $2,219,760. This trade represents a 8.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 391,767 shares of company stock valued at $7,233,038. Company insiders own 73.68% of the company's stock.

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Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Quarry LP bought a new stake in Intuitive Machines during the fourth quarter valued at $44,000. Jones Financial Companies Lllp boosted its position in shares of Intuitive Machines by 751.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after acquiring an additional 3,381 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Intuitive Machines by 201.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after acquiring an additional 3,300 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Intuitive Machines during the fourth quarter worth about $91,000. Finally, Victory Capital Management Inc. bought a new position in shares of Intuitive Machines in the fourth quarter worth approximately $183,000. 72.21% of the stock is owned by institutional investors.

Intuitive Machines Stock Performance

Shares of Intuitive Machines stock traded down $0.20 on Thursday, hitting $8.07. The company had a trading volume of 7,242,922 shares, compared to its average volume of 11,795,965. Intuitive Machines has a 1 year low of $3.15 and a 1 year high of $24.95. The stock has a 50 day moving average of $15.28 and a 200-day moving average of $13.02. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -2.74 and a beta of 1.01.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12. The company had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million. Equities analysts anticipate that Intuitive Machines will post 0.73 earnings per share for the current year.

About Intuitive Machines

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.