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

Intuitive Machines, Inc. (NASDAQ:LUNR) has been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.00.

A number of equities research analysts recently commented on LUNR shares. Stifel Nicolaus set a $20.00 price target on Intuitive Machines and gave the company a “hold” rating in a research report on Friday, January 9th. KeyCorp initiated coverage on shares of Intuitive Machines in a report on Thursday, December 18th. They issued an “overweight” rating and a $20.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $18.00 price target on shares of Intuitive Machines and gave the company a “buy” rating in a research report on Friday, October 17th. Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. Finally, Canaccord Genuity Group lifted their target price on shares of Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a research report on Monday, January 12th.

Insiders Place Their Bets

In related news, SVP Timothy Price Crain II sold 200,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $16.04, for a total value of $3,208,000.00. Following the transaction, the senior vice president directly owned 298,435 shares of the company’s stock, valued at approximately $4,786,897.40. The trade was a 40.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Blitzer purchased 141,080 shares of Intuitive Machines stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average price of $9.27 per share, with a total value of $1,307,811.60. Following the transaction, the director owned 1,831,248 shares of the company’s stock, valued at $16,975,668.96. This trade represents a 8.35% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 3,550,000 shares of company stock valued at $59,924,826. Insiders own 39.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LUNR. First Trust Advisors LP increased its stake in shares of Intuitive Machines by 3,582.9% during the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after purchasing an additional 2,386,688 shares during the last quarter. Jump Financial LLC increased its position in Intuitive Machines by 5,262.9% in the third quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock worth $14,095,000 after buying an additional 1,314,888 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Intuitive Machines by 78.6% in the second quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock valued at $28,191,000 after buying an additional 1,141,454 shares during the period. Voya Investment Management LLC raised its stake in shares of Intuitive Machines by 56.1% in the third quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock valued at $27,948,000 after buying an additional 954,778 shares during the period. Finally, ARK Investment Management LLC lifted its position in shares of Intuitive Machines by 78.9% during the 3rd quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company’s stock valued at $21,810,000 after buying an additional 914,458 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Machines Stock Down 1.8%

LUNR stock opened at $21.19 on Wednesday. The firm has a market capitalization of $3.82 billion, a PE ratio of -8.58 and a beta of 1.37. Intuitive Machines has a twelve month low of $6.14 and a twelve month high of $24.95. The stock’s 50 day moving average is $13.68 and its 200-day moving average is $11.70.

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.