Intuitive Machines (NASDAQ:LUNR) Upgraded at Zacks Research

Intuitive Machines (NASDAQ:LUNR) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other research firms have also recently weighed in on LUNR. UBS Group reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Monday, August 18th. Canaccord Genuity Group lowered their target price on shares of Intuitive Machines from $18.50 to $15.50 and set a “buy” rating on the stock in a research report on Friday, November 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $16.00 target price on shares of Intuitive Machines in a report on Monday, November 10th. Bank of America lifted their price target on shares of Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus assumed coverage on Intuitive Machines in a report on Monday, November 3rd. They issued a “buy” rating and a $18.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.50.

Intuitive Machines Price Performance

Shares of LUNR stock opened at $8.62 on Thursday. The business’s fifty day moving average price is $10.80 and its 200 day moving average price is $10.61. The firm has a market capitalization of $1.54 billion, a PE ratio of -2.66 and a beta of 1.42. Intuitive Machines has a 1-year low of $6.14 and a 1-year high of $24.95.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, Director Michael Blitzer acquired 100,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $8.83 per share, with a total value of $883,000.00. Following the purchase, the director directly owned 1,931,248 shares in the company, valued at approximately $17,052,919.84. This trade represents a 5.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 39.75% of the stock is owned by corporate insiders.

Institutional Trading of Intuitive Machines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tealwood Asset Management Inc. lifted its holdings in Intuitive Machines by 4.4% in the 3rd quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company’s stock valued at $224,000 after purchasing an additional 900 shares in the last quarter. Philadelphia Trust Co. lifted its stake in shares of Intuitive Machines by 10.0% during the first quarter. Philadelphia Trust Co. now owns 11,000 shares of the company’s stock valued at $82,000 after buying an additional 1,000 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Intuitive Machines by 35.6% during the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after buying an additional 1,127 shares during the period. Tower Research Capital LLC TRC boosted its position in Intuitive Machines by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,478 shares of the company’s stock worth $147,000 after acquiring an additional 1,499 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its stake in Intuitive Machines by 180.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after acquiring an additional 1,800 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.