Intuitive Machines, Inc. (NASDAQ:LUNR) Stock Has Average Price Target of $30.50 According to Brokerages

Intuitive Machines, Inc. (NASDAQ:LUNR) has earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $30.50.

LUNR has been the subject of a number of recent analyst reports. Canaccord Genuity Group reduced their price objective on Intuitive Machines from $41.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 18th. Zacks Research lowered Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Roth Capital set a $30.00 price objective on shares of Intuitive Machines in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, October 15th. Finally, Bank of America boosted their target price on shares of Intuitive Machines from $11.00 to $13.00 and gave the company an “underperform” rating in a research note on Monday, August 31st.

Intuitive Machines Stock Performance

NASDAQ:LUNR opened at $10.52 on Friday. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -11.07 and a beta of 1.86. Intuitive Machines has a 52 week low of $7.78 and a 52 week high of $46.75. The firm has a 50-day moving average price of $14.56 and a two-hundred day moving average price of $20.56.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The business had revenue of $206.17 million for the quarter, compared to analysts’ expectations of $212.32 million. As a group, sell-side analysts forecast that Intuitive Machines will post -0.60 earnings per share for the current year.

Insider Transactions at Intuitive Machines

In other news, insider Steven Vontur sold 3,050 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $16.13, for a total transaction of $49,196.50. Following the transaction, the insider owned 113,997 shares of the company’s stock, valued at $1,838,771.61. This represents a 2.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Timothy Crain, II sold 100,000 shares of the company’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $13.98, for a total value of $1,398,000.00. Following the transaction, the senior vice president directly owned 351,279 shares in the company, valued at $4,910,880.42. This represents a 22.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,154,225 shares of company stock valued at $158,004,836 in the last three months. 54.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of Intuitive Machines by 119.7% in the third quarter. Signaturefd LLC now owns 2,390 shares of the company’s stock valued at $34,000 after purchasing an additional 1,302 shares during the period. Sterling Capital Management LLC grew its stake in Intuitive Machines by 925.3% in the 3rd quarter. Sterling Capital Management LLC now owns 4,614 shares of the company’s stock valued at $66,000 after buying an additional 4,164 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Intuitive Machines by 34.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 40,630 shares of the company’s stock valued at $579,000 after buying an additional 10,312 shares in the last quarter. Hidden Cove Wealth Management LLC grew its stake in Intuitive Machines by 22.2% in the 3rd quarter. Hidden Cove Wealth Management LLC now owns 11,908 shares of the company’s stock valued at $170,000 after buying an additional 2,167 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in Intuitive Machines by 125.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 297,202 shares of the company’s stock valued at $4,175,000 after acquiring an additional 165,110 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Company Profile

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and operates spacecraft, lunar landers, and related systems designed to support missions to the Moon and other destinations. Its offerings include lunar payload delivery, spacecraft and satellite components, communications and navigation services, and data products for government and commercial customers.

Intuitive Machines is a major participant in NASA’s Commercial Lunar Payload Services program, under which it delivers scientific and technology payloads to the lunar surface.