Intuitive Machines, Inc. (NASDAQ:LUNR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $16.14.

Several analysts have recently commented on LUNR shares. Canaccord Genuity Group upped their price objective on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Benchmark upped their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price objective for the company. Cantor Fitzgerald increased their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Finally, Bank of America started coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 price objective for the company.

Intuitive Machines Trading Up 4.8 %

Shares of LUNR stock traded up $0.64 during trading hours on Friday, hitting $14.11. The company's stock had a trading volume of 10,132,238 shares, compared to its average volume of 13,672,434. The company has a 50 day moving average of $19.01 and a 200 day moving average of $12.64. The stock has a market cap of $1.98 billion, a PE ratio of -4.80 and a beta of 1.01. Intuitive Machines has a 12-month low of $3.15 and a 12-month high of $24.95.

Insiders Place Their Bets

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. The trade was a 9.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 393,659 shares of company stock valued at $7,262,364. 73.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Two Sigma Investments LP acquired a new stake in Intuitive Machines during the 4th quarter worth approximately $33,255,000. D. E. Shaw & Co. Inc. lifted its stake in Intuitive Machines by 3,991.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company's stock worth $21,102,000 after purchasing an additional 1,133,581 shares during the last quarter. Vanguard Group Inc. lifted its stake in Intuitive Machines by 33.6% during the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock worth $73,503,000 after purchasing an additional 1,017,706 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Intuitive Machines by 99.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock valued at $22,170,000 after buying an additional 609,118 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Intuitive Machines in the fourth quarter valued at $9,133,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.