Brokerages Set Intuitive Machines, Inc. (NASDAQ:LUNR) Price Target at $16.00

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have earned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $16.00.

A number of research firms recently issued reports on LUNR. Roth Mkm lowered their target price on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Bank of America started coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target for the company. Roth Capital set a $20.00 price objective on shares of Intuitive Machines in a report on Friday, March 7th. Canaccord Genuity Group reduced their target price on shares of Intuitive Machines from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Finally, Benchmark reiterated a “buy” rating and set a $16.00 target price on shares of Intuitive Machines in a report on Tuesday, March 25th.

Insider Activity

In related news, insider Steven Vontur sold 4,528 shares of the business’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 directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 73.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

Intuitive Machines Stock Down 7.7 %

Shares of NASDAQ LUNR opened at $7.45 on Thursday. Intuitive Machines has a twelve month low of $3.15 and a twelve month high of $24.95. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -2.53 and a beta of 1.01. The company’s fifty day moving average is $15.06 and its 200-day moving average is $13.03.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.12. The business had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million. On average, research analysts anticipate that Intuitive Machines will post 0.73 EPS for the current fiscal year.

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.