Intuitive Machines (NASDAQ:LUNR) Earns Buy Rating from Roth Mkm

Roth Mkm reissued their buy rating on shares of Intuitive Machines (NASDAQ:LUNR) in a research report report published on Wednesday, Benzinga reports. They currently have a $10.00 price objective on the stock.

LUNR has been the topic of a number of other reports. Cantor Fitzgerald restated an overweight rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Monday, September 9th. B. Riley initiated coverage on shares of Intuitive Machines in a research note on Friday, June 28th. They issued a buy rating and a $8.00 target price on the stock. Finally, Benchmark reiterated a buy rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, August 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $10.60.

Intuitive Machines Trading Down 1.4 %

Shares of NASDAQ LUNR opened at $9.15 on Wednesday. The firm’s 50-day moving average price is $4.81 and its 200-day moving average price is $4.93. Intuitive Machines has a 1-year low of $2.09 and a 1-year high of $13.25. The firm has a market capitalization of $1.14 billion, a P/E ratio of 22.32 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. Equities research analysts forecast that Intuitive Machines will post 0.47 EPS for the current year.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 50,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00. Following the completion of the transaction, the senior vice president now owns 362,810 shares in the company, valued at $1,219,041.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Timothy Price Crain II sold 50,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $3.36, for a total value of $168,000.00. Following the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at approximately $1,219,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen J. Altemus sold 203,018 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $4.53, for a total transaction of $919,671.54. Following the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at approximately $4,126,463.07. The disclosure for this sale can be found here. Insiders have sold 3,039,827 shares of company stock valued at $20,042,765 over the last 90 days. 73.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors have recently made changes to their positions in the company. Sender Co & Partners Inc. purchased a new stake in Intuitive Machines in the 2nd quarter worth $56,000. Squarepoint Ops LLC purchased a new stake in Intuitive Machines in the 2nd quarter worth $536,000. XTX Topco Ltd purchased a new stake in Intuitive Machines in the 2nd quarter worth $164,000. Wedbush Securities Inc. purchased a new stake in Intuitive Machines in the 2nd quarter worth $35,000. Finally, Rhumbline Advisers purchased a new stake in Intuitive Machines in the 2nd quarter worth $119,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.