Intuitive Machines, Inc. (NASDAQ:LUNR) Given Average Rating of “Buy” by Analysts

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have earned an average recommendation of “Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $15.80.

Several equities analysts recently commented on LUNR shares. Cantor Fitzgerald increased their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Canaccord Genuity Group boosted their price objective on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Bank of America assumed coverage on shares of Intuitive Machines in a report on Wednesday. They set an “underperform” rating and a $16.00 target price on the stock. Finally, Benchmark upped their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

Insider Transactions at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $15.04, for a total value of $5,684,713.92. Following the completion of the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at $52,561,310.72. The trade was a 9.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Timothy Price Crain II sold 400,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at $4,390,001. This trade represents a 52.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,367,104 shares of company stock valued at $19,912,186. 73.68% of the stock is currently owned by company insiders.

Institutional Trading of Intuitive Machines

Hedge funds have recently bought and sold shares of the business. Oppenheimer & Co. Inc. purchased a new stake in Intuitive Machines during the 4th quarter valued at $1,637,000. Bank of New York Mellon Corp boosted its stake in shares of Intuitive Machines by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company’s stock worth $1,285,000 after acquiring an additional 2,499 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Intuitive Machines in the 4th quarter valued at about $355,000. Thompson Davis & CO. Inc. purchased a new position in Intuitive Machines during the 4th quarter worth $495,000. Finally, AlphaCentric Advisors LLC increased its stake in Intuitive Machines by 66.7% in the 4th quarter. AlphaCentric Advisors LLC now owns 25,000 shares of the company’s stock valued at $454,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Trading Down 0.6 %

NASDAQ:LUNR opened at $21.58 on Wednesday. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -7.34 and a beta of 0.92. Intuitive Machines has a 12 month low of $3.15 and a 12 month high of $24.95. The company has a 50-day moving average price of $17.18 and a 200-day moving average price of $10.55.

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.