Brokerages Set Intuitive Machines, Inc. (NASDAQ:LUNR) PT at $16.00

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities 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 1 year target price among analysts that have issued a report on the stock in the last year is $16.00.

A number of research analysts have commented on LUNR shares. Cantor Fitzgerald decreased their price target on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective on the stock. Roth Capital set a $20.00 target price on Intuitive Machines in a research note on Friday, March 7th. Roth Mkm reduced their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Finally, Benchmark restated a "buy" rating and issued a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday, March 25th.

Intuitive Machines Stock Performance

Shares of LUNR stock traded up $0.84 on Thursday, hitting $8.31. 9,369,678 shares of the stock traded hands, compared to its average volume of 11,821,607. Intuitive Machines has a twelve month low of $3.15 and a twelve month high of $24.95. The firm's 50-day moving average price is $14.46 and its two-hundred day moving average price is $13.01. The stock has a market capitalization of $1.17 billion, a PE ratio of -2.83 and a beta of 1.01.

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Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $54.66 million during the quarter, compared to analysts' expectations of $72.58 million. On average, equities research analysts anticipate that Intuitive Machines will post 0.73 EPS for the current fiscal year.

Insider Activity at Intuitive Machines

In other news, insider Steven Vontur sold 4,528 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the sale, the insider now directly owns 104,272 shares of the company's stock, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 73.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Intuitive Machines by 33.6% in the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock valued at $73,503,000 after purchasing an additional 1,017,706 shares in the last quarter. Two Sigma Investments LP purchased a new position in Intuitive Machines in the fourth quarter valued at about $33,255,000. Renaissance Technologies LLC lifted its position in shares of Intuitive Machines by 99.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock valued at $22,170,000 after acquiring an additional 609,118 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Intuitive Machines by 3,991.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company's stock worth $21,102,000 after acquiring an additional 1,133,581 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Intuitive Machines by 20.5% in the 4th quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company's stock valued at $20,437,000 after purchasing an additional 191,733 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

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.