Brokerages Set Intuitive Machines, Inc. (NASDAQ:LUNR) Price Target at $33.31

Intuitive Machines, Inc. (NASDAQ:LUNR) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $33.3125.

A number of equities research analysts have issued reports on LUNR shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Cantor Fitzgerald increased their price objective on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Stifel Nicolaus set a $32.00 price objective on Intuitive Machines in a research report on Friday, May 15th. Finally, B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a research note on Wednesday, June 24th.

Insider Transactions at Intuitive Machines

In related news, Director William John Liquori, Jr. sold 18,321 shares of the business’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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder International L.P. Advent sold 11,495,514 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $12.84, for a total value of $147,602,399.76. Following the completion of the transaction, the insider owned 11,495,514 shares in the company, valued at $147,602,399.76. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,278,774 shares of company stock valued at $169,062,341 over the last 90 days. Company insiders own 54.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Trustees of the University of Pennsylvania acquired a new position in Intuitive Machines during the fourth quarter worth $52,689,000. Tema ETFs LLC lifted its position in shares of Intuitive Machines by 139,768.2% in the second quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock worth $66,418,000 after buying an additional 3,102,854 shares during the last quarter. First Trust Advisors LP lifted its position in shares of 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 worth $25,809,000 after buying an additional 2,386,688 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Intuitive Machines during the 1st quarter worth about $35,895,000. Finally, Jump Financial LLC boosted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Price Performance

NASDAQ LUNR opened at $16.48 on Friday. The company has a 50 day simple moving average of $19.04 and a 200-day simple moving average of $21.96. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of -18.73 and a beta of 1.83. Intuitive Machines has a 52-week low of $7.78 and a 52-week high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) 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 predict that Intuitive Machines will post -0.35 EPS for the current year.

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.