Intuitive Machines (NASDAQ:LUNR) Given “Buy” Rating at Benchmark

Intuitive Machines (NASDAQ:LUNR)‘s stock had its “buy” rating reiterated by equities researchers at Benchmark in a report issued on Wednesday, Benzinga reports. They presently have a $10.00 price target on the stock. Benchmark’s price target indicates a potential upside of 178.55% from the stock’s previous close.

Other analysts also recently issued reports about the company. Roth Mkm cut their target price on Intuitive Machines from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. B. Riley assumed coverage on Intuitive Machines in a research note on Friday, June 28th. They set a “buy” rating and a $8.00 target price on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday. Finally, Canaccord Genuity Group dropped their price target on Intuitive Machines from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $9.80.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR traded down $0.08 during trading on Wednesday, reaching $3.59. 646,474 shares of the stock traded hands, compared to its average volume of 5,488,592. The stock has a market cap of $447.43 million, a P/E ratio of 8.66 and a beta of 0.21. The stock has a 50-day moving average of $3.90 and a two-hundred day moving average of $4.97. Intuitive Machines has a 52-week low of $2.09 and a 52-week high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The company had revenue of $73.07 million during the quarter, compared to analyst estimates of $45.00 million. During the same quarter in the previous year, the business earned ($0.24) earnings per share. Sell-side analysts expect that Intuitive Machines will post 0.3 earnings per share for the current year.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 50,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $3.36, for a total transaction of $168,000.00. Following the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,219,041.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Stephen J. Altemus sold 203,018 shares of Intuitive Machines stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $4.53, for a total value of $919,671.54. Following the completion of the transaction, the chief executive officer now owns 910,919 shares in the company, valued at $4,126,463.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $3.36, for a total value of $168,000.00. Following the completion of the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at approximately $1,219,041.60. The disclosure for this sale can be found here. Insiders have sold a total of 481,473 shares of company stock valued at $2,004,098 over the last ninety days. 73.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LUNR. Inscription Capital LLC purchased a new position in shares of Intuitive Machines during the first quarter valued at approximately $304,000. Tealwood Asset Management Inc. purchased a new position in shares of Intuitive Machines during the first quarter valued at approximately $131,000. Sanders Morris Harris LLC purchased a new position in shares of Intuitive Machines during the first quarter valued at approximately $119,000. Solstein Capital LLC purchased a new position in shares of Intuitive Machines during the first quarter valued at approximately $44,000. Finally, Deuterium Capital Management LLC purchased a new position in shares of Intuitive Machines during the first quarter valued at approximately $125,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Intuitive Machines Company Profile

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.