Intuitive Machines, Inc. (NASDAQ:LUNR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $16.00.

A number of research firms have commented on LUNR. Bank of America began coverage on Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target for the company. Canaccord Genuity Group reduced their price objective on shares of Intuitive Machines from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Benchmark reissued a “buy” rating and set a $16.00 price objective on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Cantor Fitzgerald decreased their target price on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, March 25th.

Insider Transactions at Intuitive Machines

In related news, insider Steven Vontur sold 4,528 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the sale, the insider now owns 104,272 shares in the company, valued at approximately $2,043,731.20. This represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 73.68% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds have recently bought and sold shares of LUNR. Vanguard Group Inc. lifted its position in shares of Intuitive Machines by 33.6% during the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock valued at $73,503,000 after purchasing an additional 1,017,706 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Intuitive Machines in the fourth quarter valued at approximately $33,255,000. Renaissance Technologies LLC grew its holdings in shares of Intuitive Machines by 99.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock valued at $22,170,000 after acquiring an additional 609,118 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Intuitive Machines by 3,991.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock valued at $21,102,000 after acquiring an additional 1,133,581 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Intuitive Machines by 20.5% during the fourth quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company’s stock worth $20,437,000 after acquiring an additional 191,733 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Price Performance

Shares of NASDAQ LUNR opened at $8.31 on Thursday. The company has a 50 day simple moving average of $14.46 and a 200 day simple moving average of $13.01. Intuitive Machines has a 1 year low of $3.15 and a 1 year high of $24.95. The firm has a market cap of $1.17 billion, a PE ratio of -2.83 and a beta of 1.01.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.12. The business had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million. As a group, research analysts anticipate that Intuitive Machines will post 0.73 earnings per share for the current fiscal year.

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.