Intuitive Machines, Inc. (NASDAQ:LUNR) Receives Average Rating of “Hold” from Brokerages

Intuitive Machines, Inc. (NASDAQ:LUNRGet Free Report) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $31.50.

LUNR has been the topic of several research analyst reports. Canaccord Genuity Group lifted their price target on Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. B. Riley Financial lifted their price target on Intuitive Machines to $45.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Zacks Research downgraded Intuitive Machines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. KeyCorp lifted their target price on Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Tuesday, April 21st.

Get Our Latest Research Report on LUNR

Insiders Place Their Bets

In related news, SVP Timothy Price Crain II sold 8,447 shares of Intuitive Machines stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $199,433.67. Following the sale, the senior vice president directly owned 351,279 shares in the company, valued at $8,293,697.19. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Peter Mcgrath sold 24,554 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $579,719.94. Following the sale, the chief financial officer owned 401,246 shares in the company, valued at approximately $9,473,418.06. The trade was a 5.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,048,206 shares of company stock valued at $24,782,839 in the last three months. 54.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. increased its stake in Intuitive Machines by 627.6% during the third quarter. Citigroup Inc. now owns 1,048,106 shares of the company’s stock worth $11,026,000 after acquiring an additional 904,065 shares during the last quarter. LBP AM SA increased its stake in Intuitive Machines by 87.2% during the third quarter. LBP AM SA now owns 256,417 shares of the company’s stock worth $2,698,000 after acquiring an additional 119,419 shares during the last quarter. Vanguard Group Inc. increased its stake in Intuitive Machines by 13.3% during the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock worth $64,067,000 after acquiring an additional 717,256 shares during the last quarter. ARK Investment Management LLC increased its stake in Intuitive Machines by 78.9% during the third quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company’s stock worth $21,810,000 after acquiring an additional 914,458 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Intuitive Machines during the third quarter worth about $4,696,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Intuitive Machines Stock Down 4.1%

LUNR opened at $43.83 on Tuesday. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of -49.81 and a beta of 1.47. Intuitive Machines has a 52 week low of $7.78 and a 52 week high of $46.75. The business’s 50 day moving average is $27.32 and its two-hundred day moving average is $19.67.

Intuitive Machines (NASDAQ:LUNRGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The business had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. Equities analysts expect that Intuitive Machines will post -0.35 EPS for the current fiscal year.

About Intuitive Machines

(Get Free Report)

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.

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