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

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been given a consensus rating of “Hold” by the twelve analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $31.50.

A number of brokerages recently weighed in on LUNR. Cantor Fitzgerald raised their target price on shares of Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research note on Tuesday, April 21st. Zacks Research lowered shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Stifel Nicolaus set a $32.00 price target on shares of Intuitive Machines in a report on Friday, May 15th. Finally, Canaccord Genuity Group raised their price objective on shares of Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 15th.

Intuitive Machines Stock Down 1.6%

NASDAQ:LUNR opened at $14.91 on Wednesday. The business’s 50-day moving average price is $27.55 and its two-hundred day moving average price is $22.60. Intuitive Machines has a twelve month low of $7.78 and a twelve month high of $46.75. The stock has a market cap of $3.24 billion, a P/E ratio of -16.94 and a beta of 1.78.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $186.73 million during the quarter, compared to analysts’ expectations of $202.95 million. On average, equities research analysts expect that Intuitive Machines will post -0.36 EPS for the current fiscal year.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the completion of the sale, the senior vice president owned 351,279 shares of the company’s stock, valued at $7,682,471.73. The trade was a 29.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kamal Seyed Ghaffarian sold 141,909 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $39.02, for a total value of $5,537,289.18. Following the completion of the transaction, the director owned 3,494,768 shares of the company’s stock, valued at $136,365,847.36. The trade was a 3.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,019,775 shares of company stock valued at $28,399,292 over the last 90 days. 54.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

Several institutional investors have recently modified their holdings of the company. Trustees of the University of Pennsylvania bought a new position in Intuitive Machines during the fourth quarter valued at approximately $52,689,000. Tema ETFs LLC lifted its holdings in shares of Intuitive Machines by 139,768.2% in the 2nd quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock worth $66,418,000 after acquiring an additional 3,102,854 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Intuitive Machines by 3,582.9% in the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after purchasing an additional 2,386,688 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Intuitive Machines in the 1st quarter valued at $35,895,000. Finally, Jump Financial LLC boosted its stake in shares of Intuitive Machines by 5,262.9% in the 3rd quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock valued at $14,095,000 after purchasing an additional 1,314,888 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

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.