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

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

A number of research analysts recently weighed in on LUNR shares. Wall Street Zen raised Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. KeyCorp raised their price objective on Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Roth Mkm lifted their target price on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $34.00 target price on shares of Intuitive Machines in a report on Wednesday, May 20th.

Intuitive Machines Price Performance

LUNR stock opened at $22.85 on Friday. Intuitive Machines has a twelve month low of $7.78 and a twelve month high of $46.75. The firm has a market cap of $4.96 billion, a PE ratio of -25.97 and a beta of 1.68. The business has a 50 day moving average of $29.90 and a 200 day moving average of $21.74.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data 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 company had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. On average, research analysts expect that Intuitive Machines will post -0.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Machines news, SVP Timothy Price Crain II sold 8,447 shares of Intuitive Machines stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $199,433.67. Following the completion of the sale, the senior vice president owned 351,279 shares of the company’s stock, valued at approximately $8,293,697.19. This trade represents a 2.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Peter Mcgrath sold 24,554 shares of Intuitive Machines stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $579,719.94. Following the completion of the sale, the chief financial officer directly owned 401,246 shares of the company’s stock, valued at approximately $9,473,418.06. The trade was a 5.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 1,200,345 shares of company stock worth $31,945,796. 54.10% of the stock is owned by corporate insiders.

Institutional Trading of Intuitive Machines

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in shares of Intuitive Machines in the 4th quarter worth $28,000. State of Wyoming bought a new stake in shares of Intuitive Machines in the 1st quarter worth $39,000. Larson Financial Group LLC increased its holdings in shares of Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after purchasing an additional 1,016 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Intuitive Machines by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after purchasing an additional 781 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Intuitive Machines by 34.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock worth $52,000 after buying an additional 712 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

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.