Intuitive Machines, Inc. (NASDAQ:LUNR) Receives $31.50 Average Price Target from Brokerages

Intuitive Machines, Inc. (NASDAQ:LUNR) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $33.3125.

A number of equities analysts have weighed in on LUNR shares. Stifel Nicolaus set a $32.00 target price on shares of Intuitive Machines in a research note on Friday, May 15th. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a research note on Wednesday, June 24th. Canaccord Genuity Group raised their price target on shares of Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $34.00 price objective on shares of Intuitive Machines in a research report on Wednesday, May 20th. Finally, Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR opened at $14.64 on Wednesday. The business has a fifty day moving average of $26.08 and a 200-day moving average of $22.53. 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 $3.18 billion, a PE ratio of -16.64 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 the consensus estimate of ($0.07) by ($0.18). The company had revenue of $186.73 million for the quarter, compared to analyst estimates of $202.95 million. On average, analysts anticipate that Intuitive Machines will post -0.36 EPS for the current fiscal year.

Insider Activity

In related news, Director Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $20.43, for a total value of $2,899,200.87. Following the completion of the sale, the director directly owned 3,494,768 shares in the company, valued at $71,398,110.24. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William John Liquori, Jr. sold 18,321 shares of Intuitive Machines stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $29.87, for a total value of $547,248.27. Following the completion of the sale, the director owned 68,875 shares of the company’s stock, valued at approximately $2,057,296.25. The trade was a 21.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 877,866 shares of company stock valued at $24,403,134. Company insiders own 54.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LUNR. Trustees of the University of Pennsylvania acquired a new stake in shares of Intuitive Machines during the 4th quarter worth approximately $52,689,000. Tema ETFs LLC lifted its holdings in Intuitive Machines by 139,768.2% in the second quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock valued at $66,418,000 after buying an additional 3,102,854 shares during the period. First Trust Advisors LP boosted its stake in Intuitive Machines by 3,582.9% in the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after acquiring an additional 2,386,688 shares during the last quarter. Renaissance Technologies LLC bought a new position in Intuitive Machines in the first quarter valued at approximately $35,895,000. Finally, Jump Financial LLC grew its holdings in Intuitive Machines by 5,262.9% during the 3rd quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock worth $14,095,000 after acquiring an additional 1,314,888 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.