Intuitive Machines, Inc. (NASDAQ:LUNR) Receives $17.80 Consensus PT from Brokerages

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.80.

Several research analysts have recently weighed in on LUNR shares. Stifel Nicolaus set a $20.00 price target on Intuitive Machines and gave the stock a “hold” rating in a research note on Friday, January 9th. Canaccord Genuity Group lifted their price objective on Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a report on Monday, January 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, February 17th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Wednesday, February 25th.

Insider Activity at Intuitive Machines

In related news, SVP Timothy Price Crain II sold 200,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $16.04, for a total transaction of $3,208,000.00. Following the transaction, the senior vice president owned 298,435 shares in the company, valued at $4,786,897.40. This represents a 40.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen J. Altemus sold 1,958,593 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 1,026,402 shares in the company, valued at $16,186,359.54. This represents a 65.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,689,913 shares of company stock valued at $62,240,781 over the last three months. 39.75% of the stock is owned by corporate insiders.

Institutional Trading of Intuitive Machines

Several large investors have recently modified their holdings of LUNR. Vanguard Group Inc. increased its position in Intuitive Machines by 13.3% during the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock valued at $64,067,000 after acquiring an additional 717,256 shares during the last quarter. Trustees of the University of Pennsylvania purchased a new position in Intuitive Machines in the fourth quarter worth about $52,689,000. UBS Group AG grew its stake in shares of Intuitive Machines by 22.0% during the 4th quarter. UBS Group AG now owns 3,095,383 shares of the company’s stock valued at $50,238,000 after purchasing an additional 557,517 shares during the period. Geode Capital Management LLC grew its stake in shares of Intuitive Machines by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company’s stock valued at $44,399,000 after purchasing an additional 61,084 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Intuitive Machines by 18.4% during the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock valued at $28,165,000 after purchasing an additional 415,359 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Trading Down 0.2%

Shares of LUNR opened at $17.60 on Thursday. The business’s fifty day simple moving average is $18.45 and its two-hundred day simple moving average is $13.66. Intuitive Machines has a 12 month low of $6.14 and a 12 month high of $23.32. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -7.13 and a beta of 1.40.

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.