Intuitive Machines, Inc. (NASDAQ:LUNR) Receives $30.50 Consensus Target Price from Analysts

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $30.50.

LUNR has been the subject of several recent research reports. Roth Capital set a $30.00 price target on Intuitive Machines in a report on Thursday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $34.00 target price on shares of Intuitive Machines in a research note on Wednesday, May 20th. Cantor Fitzgerald reduced their target price on Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th.

Insider Buying and Selling

In related news, SVP Timothy Crain, II sold 150,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the sale, the senior vice president directly owned 351,279 shares in the company, valued at $7,682,471.73. This represents a 29.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder International L.P. Advent sold 11,495,514 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $12.84, for a total value of $147,602,399.76. Following the sale, the insider owned 11,495,514 shares in the company, valued at $147,602,399.76. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,389,042 shares of company stock worth $164,885,256 in the last quarter. Corporate insiders own 54.10% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently made changes to their positions in LUNR. Corient Private Wealth LP boosted its stake in Intuitive Machines by 18.4% in the second quarter. Corient Private Wealth LP now owns 29,848 shares of the company’s stock valued at $638,000 after acquiring an additional 4,646 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Intuitive Machines by 2,309.3% during the 2nd quarter. California State Teachers Retirement System now owns 3,046,364 shares of the company’s stock valued at $65,162,000 after acquiring an additional 2,919,922 shares during the last quarter. Odyssean LLC acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at $277,000. Raiffeisen Bank International AG acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at $3,565,000. Finally, Nykredit A S bought a new position in shares of Intuitive Machines in the 2nd quarter worth $25,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR opened at $14.81 on Thursday. The stock has a market capitalization of $3.39 billion, a PE ratio of -15.59 and a beta of 1.85. Intuitive Machines has a 1 year low of $7.78 and a 1 year high of $46.75. The firm has a fifty day moving average price of $15.86 and a 200 day moving average price of $21.75.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The business had revenue of $206.17 million during the quarter, compared to analysts’ expectations of $212.32 million. On average, sell-side analysts forecast that Intuitive Machines will post -0.6 earnings per share for the current fiscal year.

Intuitive Machines Company Profile

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.