Intuitive Machines, Inc. (NASDAQ:LUNR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $16.7273.

Several brokerages have recently weighed in on LUNR. KeyCorp initiated coverage on shares of Intuitive Machines in a research note 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 objective on shares of Intuitive Machines and gave the company a “buy” rating in a research report on Friday, October 17th. Canaccord Genuity Group lifted their target price on Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a research report on Monday, January 12th. Roth Mkm reiterated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, November 4th. Finally, Bank of America raised their price objective on Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a research note on Wednesday, November 19th.

Intuitive Machines Stock Down 2.8%

Shares of NASDAQ:LUNR opened at $20.03 on Wednesday. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of -8.11 and a beta of 1.37. The company has a 50 day moving average of $14.34 and a two-hundred day moving average of $11.89. Intuitive Machines has a 52-week low of $6.14 and a 52-week high of $24.95.

Insider Buying and Selling

In related news, CEO Stephen J. Altemus sold 58,828 shares of Intuitive Machines stock in a transaction on Friday, January 16th. The shares were sold at an average price of $20.03, for a total value of $1,178,324.84. Following the completion of the sale, the chief executive officer owned 1,026,402 shares in the company, valued at approximately $20,558,832.06. The trade was a 5.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy Price Crain II sold 24,155 shares of the stock in a transaction on Friday, January 16th. The shares were sold at an average price of $20.04, for a total transaction of $484,066.20. Following the transaction, the senior vice president owned 298,435 shares in the company, valued at $5,980,637.40. This trade represents a 7.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,550,000 shares of company stock valued at $59,924,826 in the last three months. Corporate insiders own 39.75% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently modified their holdings of the stock. First Trust Advisors LP increased its holdings 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 buying an additional 2,386,688 shares during the last quarter. Jump Financial LLC grew its position 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 worth $14,095,000 after acquiring an additional 1,314,888 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Intuitive Machines by 78.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock valued at $28,191,000 after acquiring an additional 1,141,454 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Intuitive Machines by 56.1% in the 3rd quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock valued at $27,948,000 after acquiring an additional 954,778 shares during the last quarter. Finally, ARK Investment Management LLC raised 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 acquiring an additional 914,458 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

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.