Intuitive Machines, Inc. (NASDAQ:LUNR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $17.2727.

Several equities research analysts have commented on LUNR shares. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Roth Mkm reissued a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th. Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd. KeyCorp lifted their price target on shares of Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Finally, B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a research note on Tuesday.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, insider Steven Vontur sold 4,343 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total value of $75,741.92. Following the sale, the insider owned 117,047 shares of the company’s stock, valued at approximately $2,041,299.68. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Mcgrath sold 25,541 shares of Intuitive Machines stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total value of $445,435.04. Following the transaction, the chief financial officer directly owned 425,800 shares of the company’s stock, valued at $7,425,952. This trade represents a 5.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,689,913 shares of company stock valued at $62,240,781 in the last three months. 39.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LUNR. ARK Investment Management LLC lifted its position in shares of 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 acquiring an additional 416,337 shares in the last quarter. LBP AM SA boosted its position in shares of Intuitive Machines by 87.2% in the third quarter. LBP AM SA now owns 256,417 shares of the company’s stock worth $2,698,000 after acquiring an additional 119,419 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of 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 purchasing an additional 129,896 shares during the last quarter. SG Americas Securities LLC acquired a new position in Intuitive Machines in the third quarter valued at $3,134,000. Finally, Voya Investment Management LLC lifted its stake in shares of Intuitive Machines by 56.1% in the 3rd quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock valued at $27,948,000 after purchasing an additional 954,778 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Price Performance

Intuitive Machines stock opened at $17.55 on Friday. The stock’s 50 day moving average price is $17.54 and its 200 day moving average price is $12.78. Intuitive Machines has a 1-year low of $6.14 and a 1-year high of $23.32. The company has a market cap of $3.16 billion, a PE ratio of -7.11 and a beta of 1.37.

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.