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

Intuitive Machines, Inc. (NASDAQ:LUNR) has earned a consensus rating of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $31.50.

A number of research firms recently weighed in on LUNR. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a research report on Wednesday, May 20th. Cantor Fitzgerald lifted their price objective on Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. KeyCorp lifted their price objective on Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Zacks Research downgraded Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, Canaccord Genuity Group lifted their price objective on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th.

Intuitive Machines Price Performance

NASDAQ LUNR opened at $38.21 on Tuesday. Intuitive Machines has a fifty-two week low of $7.78 and a fifty-two week high of $46.75. The stock’s 50-day moving average is $27.71 and its two-hundred day moving average is $19.94. The firm has a market cap of $8.29 billion, a P/E ratio of -43.42 and a beta of 1.47.

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 firm had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. On average, equities analysts expect that Intuitive Machines will post -0.35 EPS for the current year.

Insider Activity

In related news, CFO Peter Mcgrath sold 24,554 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total value of $579,719.94. Following the completion of the transaction, the chief financial officer owned 401,246 shares in the company, valued at $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 is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kamal Seyed Ghaffarian sold 283,818 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $18.78, for a total transaction of $5,330,102.04. Following the completion of the transaction, the director owned 3,494,768 shares of the company’s stock, valued at $65,631,743.04. This trade represents a 7.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,048,206 shares of company stock worth $24,782,839. 54.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Citigroup Inc. grew its holdings in shares of Intuitive Machines by 627.6% in the 3rd quarter. Citigroup Inc. now owns 1,048,106 shares of the company’s stock valued at $11,026,000 after buying an additional 904,065 shares during the period. LBP AM SA grew its holdings in shares of Intuitive Machines by 87.2% in the 3rd quarter. LBP AM SA now owns 256,417 shares of the company’s stock valued at $2,698,000 after buying an additional 119,419 shares during the period. Vanguard Group Inc. grew its holdings in shares of Intuitive Machines by 13.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock valued at $64,067,000 after buying an additional 717,256 shares during the period. ARK Investment Management LLC boosted its stake in Intuitive Machines by 78.9% in the 3rd quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company’s stock worth $21,810,000 after purchasing an additional 914,458 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in Intuitive Machines in the 4th quarter worth $717,000. Institutional investors and hedge funds 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.