Intuitive Machines (NASDAQ:LUNR) Stock Rating Upgraded by Zacks Research

Intuitive Machines (NASDAQ:LUNR) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. KeyCorp lifted their price target on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a research note on Wednesday, May 20th. Stifel Nicolaus set a $32.00 target price on Intuitive Machines in a report on Friday, May 15th. Finally, Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Intuitive Machines presently has an average rating of “Moderate Buy” and an average price target of $31.50.

Intuitive Machines Trading Down 0.4%

NASDAQ LUNR opened at $14.85 on Tuesday. The firm has a market capitalization of $3.22 billion, a P/E ratio of -16.88 and a beta of 1.78. The firm’s fifty day moving average price is $27.32 and its two-hundred day moving average price is $22.59. Intuitive Machines has a 1 year low of $7.78 and a 1 year high of $46.75.

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

Insider Activity at Intuitive Machines

In other news, Director William John Liquori, Jr. sold 18,321 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $29.87, for a total value of $547,248.27. Following the transaction, the director owned 68,875 shares of the company’s stock, valued at approximately $2,057,296.25. This represents a 21.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Timothy Price Crain II sold 150,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $21.87, for a total value of $3,280,500.00. Following the transaction, the senior vice president owned 351,279 shares in the company, valued at approximately $7,682,471.73. This trade represents a 29.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,019,775 shares of company stock worth $28,399,292. Insiders own 54.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. bought a new position in Intuitive Machines during the fourth quarter worth about $717,000. Trustees of the University of Pennsylvania acquired a new position in shares of Intuitive Machines during the 4th quarter worth approximately $52,689,000. SBI Securities Co. Ltd. grew its position in shares of Intuitive Machines by 403.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 191,783 shares of the company’s stock worth $3,113,000 after purchasing an additional 153,668 shares in the last quarter. Comerica Bank increased its holdings in shares of Intuitive Machines by 55.5% during the fourth quarter. Comerica Bank now owns 221,701 shares of the company’s stock worth $3,598,000 after purchasing an additional 79,102 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at approximately $1,908,000. 72.21% of the stock is owned by institutional investors and hedge funds.

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.