Intuitive Machines (NASDAQ:LUNR) Upgraded by KeyCorp to Strong-Buy Rating

Intuitive Machines (NASDAQ:LUNR) was upgraded by equities research analysts at KeyCorp to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other research analysts have also commented on LUNR. Deutsche Bank Aktiengesellschaft set a $18.00 price target on Intuitive Machines and gave the stock a “buy” rating in a report on Friday, October 17th. Bank of America lifted their target price on shares of Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research note on Wednesday, November 19th. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group reduced their price target on shares of Intuitive Machines from $18.50 to $15.50 and set a “buy” rating on the stock in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.91.

Intuitive Machines Stock Performance

Shares of Intuitive Machines stock opened at $14.94 on Thursday. The business’s 50 day moving average price is $10.86 and its 200 day moving average price is $10.57. The company has a market cap of $2.69 billion, a price-to-earnings ratio of -6.05 and a beta of 1.44. Intuitive Machines has a one year low of $6.14 and a one year high of $24.95.

Insider Buying and Selling at Intuitive Machines

In related news, Director Michael Blitzer purchased 100,000 shares of Intuitive Machines stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $8.83 per share, with a total value of $883,000.00. Following the purchase, the director owned 1,931,248 shares of the company’s stock, valued at approximately $17,052,919.84. The trade was a 5.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 39.75% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuitive Machines

Several institutional investors have recently added to or reduced their stakes in the stock. Tealwood Asset Management Inc. raised its position in Intuitive Machines by 4.4% in the third quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company’s stock valued at $224,000 after purchasing an additional 900 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Intuitive Machines by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after buying an additional 1,127 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Intuitive Machines by 12.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,478 shares of the company’s stock valued at $147,000 after buying an additional 1,499 shares during the period. Golden State Wealth Management LLC lifted its stake in Intuitive Machines by 180.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after acquiring an additional 1,800 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Intuitive Machines by 5.3% during the 3rd quarter. SBI Securities Co. Ltd. now owns 38,115 shares of the company’s stock valued at $401,000 after acquiring an additional 1,911 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.