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

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.25.

Several equities analysts recently issued reports on LUNR shares. Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft set a $18.00 price target on Intuitive Machines and gave the stock a “buy” rating in a research note on Friday, October 17th. Bank of America lifted their price objective on Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a research report on Wednesday, November 19th. KeyCorp began coverage on Intuitive Machines in a research report on Thursday, December 18th. They set an “overweight” rating and a $20.00 target price on the stock. Finally, Roth Capital restated a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th.

Intuitive Machines Trading Down 8.7%

Shares of LUNR stock opened at $15.25 on Friday. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of -6.17 and a beta of 1.44. The firm has a 50-day moving average price of $11.22 and a 200 day moving average price of $10.74. Intuitive Machines has a twelve month low of $6.14 and a twelve month high of $24.95.

Insider Buying and Selling

In related news, Director Michael Blitzer bought 100,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average cost of $8.83 per share, for a total transaction of $883,000.00. Following the completion of the acquisition, the director owned 1,931,248 shares in the company, valued at $17,052,919.84. This trade represents a 5.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 directly owned 298,435 shares in the company, valued at approximately $4,786,897.40. This represents a 40.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,350,000 shares of company stock valued at $36,849,531. Insiders own 39.75% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. CIBC Bancorp USA Inc. acquired a new position in Intuitive Machines in the third quarter valued at $123,000. PharVision Advisers LLC purchased a new position in shares of Intuitive Machines in the 3rd quarter worth about $405,000. XTX Topco Ltd lifted its stake in shares of Intuitive Machines by 950.7% in the 3rd quarter. XTX Topco Ltd now owns 193,544 shares of the company’s stock valued at $2,036,000 after purchasing an additional 175,124 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Intuitive Machines by 177.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,429,791 shares of the company’s stock worth $15,041,000 after purchasing an additional 913,650 shares during the period. Finally, Voleon Capital Management LP purchased a new stake in shares of Intuitive Machines during the 3rd quarter worth about $480,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.