Intuitive Machines, Inc. (NASDAQ:LUNR) Given Average Recommendation of “Hold” by Brokerages

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $31.50.

A number of research analysts have weighed in on LUNR shares. Roth Mkm boosted their target price on shares of Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. KeyCorp boosted their target price on shares of Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. B. Riley Financial boosted their target price on shares of Intuitive Machines to $45.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Zacks Research lowered shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th.

Insider Activity at Intuitive Machines

In other news, CFO Peter Mcgrath sold 24,554 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total transaction of $579,719.94. Following the transaction, the chief financial officer owned 401,246 shares in the company, valued at approximately $9,473,418.06. The trade was a 5.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephen J. Altemus sold 13,751 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $324,661.11. Following the transaction, the chief executive officer owned 1,162,495 shares in the company, valued at approximately $27,446,506.95. The trade was a 1.17% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 1,048,206 shares of company stock worth $24,782,839. 54.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LUNR. Invesco Ltd. increased its holdings in shares of Intuitive Machines by 19.7% during the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock worth $120,000 after purchasing an additional 2,643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Intuitive Machines by 43.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after purchasing an additional 7,528 shares during the period. Caxton Associates LLP bought a new position in shares of Intuitive Machines during the 1st quarter worth about $139,000. Creative Planning increased its holdings in shares of Intuitive Machines by 29.3% during the 2nd quarter. Creative Planning now owns 30,407 shares of the company’s stock worth $331,000 after purchasing an additional 6,886 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Intuitive Machines by 15.3% during the 2nd quarter. Cetera Investment Advisers now owns 18,835 shares of the company’s stock worth $205,000 after purchasing an additional 2,506 shares during the period. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Price Performance

Intuitive Machines stock opened at $38.26 on Tuesday. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of -43.48 and a beta of 1.47. Intuitive Machines has a fifty-two week low of $7.78 and a fifty-two week high of $38.55. The firm has a fifty day moving average price of $25.47 and a two-hundred day moving average price of $18.85.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million for the quarter, compared to analysts’ expectations of $202.95 million. As a group, sell-side analysts expect that Intuitive Machines will post -0.44 earnings per share for the current year.

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.