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

Intuitive Machines, Inc. (NASDAQ:LUNR) has been given a consensus rating of “Moderate Buy” by the fourteen analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $17.80.

Several analysts have commented on LUNR shares. Stifel Nicolaus set a $20.00 price objective on shares of Intuitive Machines and gave the company a “hold” rating in a research note on Friday, January 9th. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a report on Tuesday, February 17th. KeyCorp boosted their target price 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. Roth Mkm reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Wednesday, February 25th. Finally, Canaccord Genuity Group increased their price target on Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a research report on Monday, January 12th.

Insider Buying and Selling

In other Intuitive Machines news, CEO Stephen J. Altemus sold 86,803 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $16.01, for a total value of $1,389,716.03. Following the completion of the transaction, the chief executive officer directly owned 1,176,246 shares of the company’s stock, valued at approximately $18,831,698.46. The trade was a 6.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Timothy Price Crain II sold 23,226 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total value of $405,061.44. Following the completion of the sale, the senior vice president owned 359,726 shares in the company, valued at approximately $6,273,621.44. This represents a 6.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,689,913 shares of company stock valued at $62,240,781 in the last three months. 39.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently made changes to their positions in LUNR. International Assets Investment Management LLC acquired a new stake in Intuitive Machines during the fourth quarter valued at $28,000. Larson Financial Group LLC raised its position in shares of Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after acquiring an additional 1,016 shares during the period. GAMMA Investing LLC raised its position in shares of Intuitive Machines by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after acquiring an additional 781 shares during the period. CWM LLC boosted its stake in shares of Intuitive Machines by 406.4% during the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after acquiring an additional 2,337 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Intuitive Machines by 144.8% during the 4th quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock worth $48,000 after acquiring an additional 1,738 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Machines Stock Up 0.5%

Shares of NASDAQ LUNR opened at $17.69 on Thursday. Intuitive Machines has a 52 week low of $6.14 and a 52 week high of $23.32. The business’s 50 day moving average price is $18.43 and its 200 day moving average price is $13.75. The firm has a market cap of $3.19 billion, a P/E ratio of -7.16 and a beta of 1.40.

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.