B. Riley Initiates Coverage on Intuitive Machines (NASDAQ:LUNR)

Analysts at B. Riley started coverage on shares of Intuitive Machines (NASDAQ:LUNR) in a note issued to investors on Friday, MarketBeat reports. The brokerage set a “buy” rating and a $8.00 price target on the stock. B. Riley’s target price points to a potential upside of 142.42% from the company’s current price.

A number of other analysts also recently issued reports on LUNR. Canaccord Genuity Group lowered their price target on Intuitive Machines from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Benchmark restated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Thursday, April 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Monday, June 17th. Finally, Roth Mkm lowered their price target on Intuitive Machines from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $9.80.

Intuitive Machines Stock Performance

NASDAQ LUNR opened at $3.30 on Friday. The company has a market capitalization of $411.28 million, a P/E ratio of 8.05 and a beta of 0.32. Intuitive Machines has a one year low of $2.09 and a one year high of $13.25. The stock has a 50 day moving average price of $4.81 and a 200-day moving average price of $4.65.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Tuesday, May 14th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The firm had revenue of $73.07 million for the quarter, compared to the consensus estimate of $45.00 million. Intuitive Machines had a negative net margin of 19.48% and a negative return on equity of 2.04%. During the same quarter in the prior year, the company posted ($0.24) earnings per share. As a group, equities analysts predict that Intuitive Machines will post -0.05 EPS for the current fiscal year.

Institutional Trading of Intuitive Machines

Several institutional investors and hedge funds have recently made changes to their positions in LUNR. Nomura Holdings Inc. bought a new stake in shares of Intuitive Machines during the third quarter worth $1,369,000. Hemington Wealth Management bought a new stake in shares of Intuitive Machines during the fourth quarter worth $26,000. Inscription Capital LLC purchased a new position in shares of Intuitive Machines during the first quarter valued at $304,000. Tealwood Asset Management Inc. purchased a new position in shares of Intuitive Machines during the first quarter valued at $131,000. Finally, Sanders Morris Harris LLC purchased a new position in shares of Intuitive Machines during the first quarter valued at $119,000. 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.