Intuitive Machines, Inc. (NASDAQ:LUNR) Receives Average Rating of “Hold” from Brokerages

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $21.55.

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Intuitive Machines from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Stifel Nicolaus upped their price target on shares of Intuitive Machines from $20.00 to $22.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Roth Mkm raised their price target on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Tuesday, April 21st. Finally, KeyCorp boosted their price objective on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th.

Intuitive Machines Stock Down 8.4%

Shares of Intuitive Machines stock opened at $24.11 on Friday. Intuitive Machines has a 12-month low of $7.78 and a 12-month high of $31.15. The stock has a 50 day moving average price of $21.51 and a two-hundred day moving average price of $16.98. The stock has a market capitalization of $5.23 billion, a P/E ratio of -32.58 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Thursday, March 19th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $44.79 million during the quarter, compared to the consensus estimate of $53.37 million. Sell-side analysts anticipate that Intuitive Machines will post -0.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Stephen J. Altemus sold 86,803 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $16.01, for a total value of $1,389,716.03. Following the sale, the chief executive officer owned 1,176,246 shares in the company, valued at approximately $18,831,698.46. This trade represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Timothy Price Crain II sold 150,000 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $17.55, for a total transaction of $2,632,500.00. Following the transaction, the senior vice president directly owned 359,726 shares in the company, valued at $6,313,191.30. This trade represents a 29.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,046,210 shares of company stock valued at $22,238,410. Corporate insiders own 54.10% of the company’s stock.

Institutional Trading of Intuitive Machines

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Amova Asset Management Americas Inc. grew its position in Intuitive Machines by 5.1% in the 1st quarter. Amova Asset Management Americas Inc. now owns 553,486 shares of the company’s stock worth $10,256,000 after purchasing an additional 27,108 shares during the last quarter. KBC Group NV raised its position in shares of Intuitive Machines by 76.4% during the first quarter. KBC Group NV now owns 4,247 shares of the company’s stock valued at $79,000 after buying an additional 1,840 shares during the last quarter. Swiss National Bank lifted its stake in shares of Intuitive Machines by 1.1% in the first quarter. Swiss National Bank now owns 211,200 shares of the company’s stock valued at $3,920,000 after buying an additional 2,200 shares during the period. Calamos Advisors LLC bought a new stake in shares of Intuitive Machines in the first quarter valued at about $2,984,000. Finally, Fifth Third Bancorp acquired a new stake in Intuitive Machines during the first quarter worth about $4,314,000. 72.21% of the stock is currently 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.