Analysts Set Intuitive Machines, Inc. (NASDAQ:LUNR) Target Price at $17.00

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.7273.

Several equities research analysts recently issued reports on LUNR shares. Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of Intuitive Machines and gave the company a “buy” rating in a research note on Friday, October 17th. B. Riley raised their price objective on Intuitive Machines from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. Roth Mkm reissued a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th. KeyCorp initiated coverage on Intuitive Machines in a report on Thursday, December 18th. They set an “overweight” rating and a $20.00 price target for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd.

Intuitive Machines Price Performance

Shares of LUNR opened at $20.03 on Wednesday. The company has a market cap of $3.61 billion, a PE ratio of -8.11 and a beta of 1.37. The firm has a 50-day moving average of $14.34 and a 200-day moving average of $11.88. Intuitive Machines has a one year low of $6.14 and a one year high of $24.95.

Insider Activity

In other Intuitive Machines news, CEO Stephen J. Altemus sold 58,828 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $20.03, for a total transaction of $1,178,324.84. Following the completion of the sale, the chief executive officer directly owned 1,026,402 shares in the company, valued at $20,558,832.06. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Timothy Price Crain II sold 24,155 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $20.04, for a total value of $484,066.20. Following the completion of the transaction, the senior vice president directly owned 298,435 shares in the company, valued at $5,980,637.40. The trade was a 7.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,550,000 shares of company stock valued at $59,924,826 in the last ninety days. 39.75% of the stock is currently owned by insiders.

Institutional Trading of Intuitive Machines

Several hedge funds have recently added to or reduced their stakes in the company. ARK Investment Management LLC raised its stake in Intuitive Machines by 56.1% in the second quarter. ARK Investment Management LLC now owns 1,158,775 shares of the company’s stock valued at $12,596,000 after purchasing an additional 416,337 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Intuitive Machines by 36.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,752 shares of the company’s stock valued at $5,121,000 after buying an additional 129,896 shares during the period. SG Americas Securities LLC acquired a new position in shares of Intuitive Machines in the 3rd quarter valued at approximately $3,134,000. Ensign Peak Advisors Inc acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at approximately $373,000. Finally, Voya Investment Management LLC lifted its holdings in shares of Intuitive Machines by 56.1% during the 3rd quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock worth $27,948,000 after acquiring an additional 954,778 shares during the period. 72.21% of the stock is owned by institutional investors and hedge funds.

About Intuitive Machines

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.