Intuitive Machines, Inc. (NASDAQ:LUNR) Receives Consensus Rating of “Moderate Buy” from Analysts

Intuitive Machines, Inc. (NASDAQ:LUNR) has earned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.25.

A number of brokerages recently issued reports on LUNR. B. Riley increased their price target on shares of Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Stifel Nicolaus initiated coverage on shares of Intuitive Machines in a research note on Monday, November 3rd. They set a “buy” rating and a $18.00 target price on the stock. Roth Capital restated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. Canaccord Genuity Group cut their price target on Intuitive Machines from $18.50 to $15.50 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, KeyCorp assumed coverage on Intuitive Machines in a report on Thursday, December 18th. They issued an “overweight” rating and a $20.00 price target for the company.

Insider Transactions at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 200,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $16.04, for a total transaction of $3,208,000.00. Following the transaction, the senior vice president owned 298,435 shares in the company, valued at $4,786,897.40. This trade represents a 40.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Blitzer purchased 141,080 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average cost of $9.27 per share, with a total value of $1,307,811.60. Following the acquisition, the director owned 1,831,248 shares in the company, valued at $16,975,668.96. This represents a 8.35% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 2,350,000 shares of company stock valued at $36,849,531 in the last three months. 39.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Intuitive Machines by 27.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,208 shares of the company’s stock valued at $1,045,000 after purchasing an additional 30,447 shares during the period. ARK Investment Management LLC grew its stake in shares of Intuitive Machines by 56.1% during the second quarter. ARK Investment Management LLC now owns 1,158,775 shares of the company’s stock worth $12,596,000 after purchasing an additional 416,337 shares in the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of Intuitive Machines in the 2nd quarter valued at about $373,000. Voya Investment Management LLC lifted its stake in Intuitive Machines by 56.1% during the third quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock worth $27,948,000 after purchasing an additional 954,778 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Intuitive Machines by 96.6% in the 2nd quarter. Intech Investment Management LLC now owns 77,390 shares of the company’s stock valued at $841,000 after buying an additional 38,017 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Machines Trading Up 10.2%

Intuitive Machines stock opened at $17.88 on Friday. The firm has a market cap of $3.22 billion, a PE ratio of -7.24 and a beta of 1.44. Intuitive Machines has a 12 month low of $6.14 and a 12 month high of $24.95. The stock’s 50 day simple moving average is $11.62 and its two-hundred day simple moving average is $10.93.

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.