Intuitive Machines, Inc. (NASDAQ:LUNR) Receives $31.50 Consensus PT from Brokerages

Intuitive Machines, Inc. (NASDAQ:LUNR) has received an average rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $31.50.

Several analysts have issued reports on the stock. B. Riley Financial reiterated a “buy” rating on shares of Intuitive Machines in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $34.00 target price on shares of Intuitive Machines in a research note on Wednesday, May 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Tuesday, April 21st. Zacks Research cut shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, Stifel Nicolaus set a $32.00 target price on shares of Intuitive Machines in a research note on Friday, May 15th.

Intuitive Machines Trading Down 8.8%

LUNR opened at $19.11 on Friday. The company has a 50 day moving average of $29.74 and a 200 day moving average of $22.05. The company has a market cap of $4.15 billion, a PE ratio of -21.71 and a beta of 1.68. Intuitive Machines has a 12 month low of $7.78 and a 12 month high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company had revenue of $186.73 million for the quarter, compared to the consensus estimate of $202.95 million. Research analysts forecast that Intuitive Machines will post -0.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Stephen J. Altemus sold 13,751 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total transaction of $324,661.11. Following the sale, the chief executive officer owned 1,162,495 shares in the company, valued at approximately $27,446,506.95. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Timothy Price Crain II sold 150,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the sale, the senior vice president owned 351,279 shares in the company, valued at approximately $7,682,471.73. This trade represents a 29.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,066,527 shares of company stock worth $29,896,194. Company insiders own 54.10% of the company’s stock.

Institutional Trading of Intuitive Machines

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. raised its position in shares of Intuitive Machines by 627.6% during the 3rd quarter. Citigroup Inc. now owns 1,048,106 shares of the company’s stock valued at $11,026,000 after buying an additional 904,065 shares in the last quarter. Vanguard Group Inc. raised its position in Intuitive Machines by 13.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock worth $64,067,000 after purchasing an additional 717,256 shares during the period. Jefferies Financial Group Inc. purchased a new position in Intuitive Machines in the 4th quarter worth $717,000. ARK Investment Management LLC raised its position in Intuitive Machines by 78.9% in the 3rd quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company’s stock worth $21,810,000 after purchasing an additional 914,458 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Intuitive Machines in the 3rd quarter worth $4,696,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

About Intuitive Machines

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.