Intuitive Machines, Inc. (NASDAQ:LUNR) Receives $16.14 Consensus Target Price from Analysts

Intuitive Machines, Inc. (NASDAQ:LUNR) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $16.14.

LUNR has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price target on Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Bank of America assumed coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price objective for the company. Benchmark increased their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target on the stock. Finally, Cantor Fitzgerald raised their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, November 15th.

Insider Activity

In other news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the sale, the director now directly owns 3,494,768 shares in the company, valued at $64,128,992.80. The trade was a 9.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven Vontur sold 9,266 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $22.50, for a total transaction of $208,485.00. Following the transaction, the insider now owns 98,656 shares in the company, valued at approximately $2,219,760. This trade represents a 8.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 393,659 shares of company stock worth $7,262,364. 73.68% of the stock is owned by corporate insiders.

Institutional Trading of Intuitive Machines

A number of institutional investors and hedge funds have recently modified their holdings of LUNR. Quarry LP bought a new position in shares of Intuitive Machines in the fourth quarter worth about $44,000. Jones Financial Companies Lllp raised its holdings in shares of Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock worth $70,000 after buying an additional 3,381 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Intuitive Machines in the 3rd quarter valued at $85,000. Steward Partners Investment Advisory LLC boosted its position in Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock valued at $90,000 after buying an additional 3,300 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in Intuitive Machines during the 4th quarter worth approximately $91,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Machines Trading Down 20.2 %

NASDAQ:LUNR opened at $11.26 on Friday. Intuitive Machines has a twelve month low of $3.15 and a twelve month high of $24.95. The company has a market capitalization of $1.58 billion, a P/E ratio of -3.83 and a beta of 1.01. The firm has a 50-day moving average price of $18.86 and a two-hundred day moving average price of $12.63.

About Intuitive Machines

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.