Intuitive Machines, Inc. (NASDAQ:LUNR) Receives $16.14 Average PT from Brokerages

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $16.14.

A number of research firms have recently issued reports on LUNR. Cantor Fitzgerald lifted their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Benchmark lifted their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Canaccord Genuity Group upped their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target on the stock. Finally, Bank of America initiated coverage on Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price objective for the company.

Intuitive Machines Stock Performance

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

Insiders Place Their Bets

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the transaction, the insider now owns 104,272 shares in the company, valued at approximately $2,043,731.20. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 393,659 shares of company stock worth $7,262,364. Corporate insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Hedge funds have recently bought and sold shares of the business. PharVision Advisers LLC purchased a new stake in shares of Intuitive Machines during the 4th quarter worth approximately $185,000. Voloridge Investment Management LLC purchased a new stake in shares of Intuitive Machines in the fourth quarter worth $3,768,000. Soviero Asset Management LP boosted its position in shares of Intuitive Machines by 65.0% during the 4th quarter. Soviero Asset Management LP now owns 330,000 shares of the company’s stock valued at $5,993,000 after acquiring an additional 130,000 shares during the last quarter. Two Sigma Advisers LP bought a new position in shares of Intuitive Machines in the 4th quarter worth $4,971,000. Finally, Two Sigma Investments LP bought a new position in Intuitive Machines in the fourth quarter valued at $33,255,000. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Company Profile

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.