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

Intuitive Machines, Inc. (NASDAQ:LUNR) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $17.2727.

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a report on Wednesday, November 19th. Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a research note on Wednesday, December 3rd. Stifel Nicolaus set a $20.00 target price on Intuitive Machines and gave the company a “hold” rating in a report on Friday, January 9th. KeyCorp lifted their price target on Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Finally, Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th.

Intuitive Machines Trading Up 2.5%

NASDAQ LUNR opened at $18.19 on Friday. Intuitive Machines has a 1 year low of $6.14 and a 1 year high of $23.32. The company has a market cap of $3.28 billion, a PE ratio of -7.36 and a beta of 1.37. The stock’s 50-day moving average price is $17.43 and its two-hundred day moving average price is $12.73.

Insider Activity

In other news, SVP Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $16.04, for a total transaction of $3,208,000.00. Following the completion of the sale, the senior vice president directly owned 298,435 shares in the company, valued at $4,786,897.40. The trade was a 40.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen J. Altemus sold 1,958,593 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $15.77, for a total transaction of $30,887,011.61. Following the transaction, the chief executive officer owned 1,026,402 shares in the company, valued at approximately $16,186,359.54. This trade represents a 65.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,689,913 shares of company stock worth $62,240,781. Insiders own 39.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Invesco Ltd. raised its stake in shares of Intuitive Machines by 7.6% in the 4th quarter. Invesco Ltd. now owns 63,475 shares of the company’s stock valued at $1,030,000 after acquiring an additional 4,462 shares in the last quarter. Virtue Capital Management LLC lifted its stake in shares of Intuitive Machines by 151.4% in the fourth quarter. Virtue Capital Management LLC now owns 54,342 shares of the company’s stock worth $972,000 after buying an additional 32,730 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Intuitive Machines by 38.9% during the 4th quarter. Vident Advisory LLC now owns 118,204 shares of the company’s stock worth $1,918,000 after buying an additional 33,101 shares during the period. VARCOV Co. acquired a new position in Intuitive Machines in the 4th quarter valued at $675,000. Finally, Voloridge Investment Management LLC grew its stake in Intuitive Machines by 110.4% in the 4th quarter. Voloridge Investment Management LLC now owns 962,737 shares of the company’s stock valued at $15,625,000 after buying an additional 505,097 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.