Intuitive Machines, Inc. (NASDAQ:LUNR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Intuitive Machines, Inc. (NASDAQ:LUNR) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $16.00.

Several analysts have weighed in on the stock. Bank of America started coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price objective for the company. Roth Mkm cut their price target 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. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research note on Tuesday, February 25th. They set a “hold” rating and a $18.00 price objective on the stock. Cantor Fitzgerald cut their price objective on shares of Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, March 25th. Finally, Benchmark reissued a “buy” rating and issued a $16.00 price objective on shares of Intuitive Machines in a research note on Tuesday, March 25th.

Insider Buying and Selling

In other news, insider Steven Vontur sold 4,528 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 73.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. FORA Capital LLC bought a new stake in shares of Intuitive Machines in the 3rd quarter valued at about $458,000. Geode Capital Management LLC boosted its stake in shares of Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after purchasing an additional 222,136 shares during the last quarter. Van ECK Associates Corp bought a new stake in Intuitive Machines during the fourth quarter valued at $3,403,000. Entropy Technologies LP bought a new stake in shares of Intuitive Machines during the 4th quarter valued at about $895,000. Finally, Spire Wealth Management bought a new stake in Intuitive Machines in the fourth quarter worth approximately $469,000. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Trading Down 7.7 %

Intuitive Machines stock opened at $7.45 on Thursday. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -2.53 and a beta of 1.01. Intuitive Machines has a 12 month low of $3.15 and a 12 month high of $24.95. The stock’s 50 day moving average is $15.06 and its 200-day moving average is $13.03.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data 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 firm had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million. As a group, equities research analysts predict that Intuitive Machines will post 0.73 earnings per share for the current fiscal year.

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.