Analysts Set Intuitive Machines, Inc. (NASDAQ:LUNR) Price Target at $21.55

Intuitive Machines, Inc. (NASDAQ:LUNR) has been given an average rating of “Hold” by the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $21.55.

A number of equities analysts recently weighed in on LUNR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Roth Mkm boosted their price objective on shares of Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Canaccord Genuity Group boosted their price objective on shares of Intuitive Machines from $22.50 to $24.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Cantor Fitzgerald boosted their price objective on shares of Intuitive Machines from $16.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Finally, Stifel Nicolaus boosted their price objective on shares of Intuitive Machines from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Monday, March 23rd.

Intuitive Machines Stock Performance

LUNR stock opened at $24.80 on Friday. The firm has a 50 day moving average price of $21.25 and a 200-day moving average price of $16.80. Intuitive Machines has a 52-week low of $7.78 and a 52-week high of $31.15. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of -33.51 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $44.79 million for the quarter, compared to analysts’ expectations of $53.37 million. As a group, sell-side analysts forecast that Intuitive Machines will post -0.04 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Kamal Seyed Ghaffarian sold 283,818 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $18.78, for a total value of $5,330,102.04. Following the completion of the transaction, the director directly owned 3,494,768 shares in the company, valued at $65,631,743.04. The trade was a 7.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter Mcgrath sold 25,541 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total transaction of $445,435.04. Following the completion of the transaction, the chief financial officer owned 425,800 shares of the company’s stock, valued at approximately $7,425,952. The trade was a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 904,301 shares of company stock valued at $18,670,817 in the last quarter. Insiders own 54.10% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in Intuitive Machines by 19.7% during the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock valued at $120,000 after buying an additional 2,643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Intuitive Machines by 43.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock valued at $184,000 after buying an additional 7,528 shares during the last quarter. Caxton Associates LLP purchased a new stake in Intuitive Machines during the 1st quarter valued at $139,000. Creative Planning raised its stake in Intuitive Machines by 29.3% during the 2nd quarter. Creative Planning now owns 30,407 shares of the company’s stock valued at $331,000 after buying an additional 6,886 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Intuitive Machines by 15.3% during the 2nd quarter. Cetera Investment Advisers now owns 18,835 shares of the company’s stock valued at $205,000 after buying an additional 2,506 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.