Intuitive Machines’ (LUNR) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Intuitive Machines (NASDAQ:LUNR) in a report published on Wednesday, Benzinga reports. Roth Mkm currently has a $10.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on the company. B. Riley started coverage on Intuitive Machines in a research note on Friday, June 28th. They issued a buy rating and a $8.00 price objective on the stock. Benchmark restated a buy rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, August 14th. Finally, Cantor Fitzgerald reiterated an overweight rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Monday, September 9th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines currently has an average rating of Buy and a consensus price target of $10.60.

Intuitive Machines Trading Down 1.4 %

Shares of NASDAQ:LUNR opened at $9.15 on Wednesday. The stock has a market cap of $1.14 billion, a PE ratio of 22.32 and a beta of 0.26. The stock’s fifty day simple moving average is $4.81 and its two-hundred day simple moving average is $4.93. Intuitive Machines has a 1-year low of $2.09 and a 1-year high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analysts’ expectations of $43.00 million. On average, sell-side analysts forecast that Intuitive Machines will post 0.47 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Timothy Price Crain II sold 50,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.36, for a total value of $168,000.00. Following the transaction, the senior vice president now 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 at the SEC website. In other news, SVP Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00. Following the completion of the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,219,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Blitzer sold 662,673 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $8.19, for a total value of $5,427,291.87. Following the completion of the transaction, the director now directly owns 1,062,865 shares in the company, valued at approximately $8,704,864.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,039,827 shares of company stock worth $20,042,765. 73.68% of the stock is owned by company insiders.

Institutional Trading of Intuitive Machines

Institutional investors have recently added to or reduced their stakes in the business. Sender Co & Partners Inc. purchased a new stake in shares of Intuitive Machines during the second quarter valued at approximately $56,000. Squarepoint Ops LLC purchased a new stake in Intuitive Machines during the 2nd quarter valued at $536,000. XTX Topco Ltd bought a new stake in Intuitive Machines in the 2nd quarter worth $164,000. Wedbush Securities Inc. purchased a new position in shares of Intuitive Machines in the second quarter valued at about $35,000. Finally, Rhumbline Advisers bought a new position in shares of Intuitive Machines during the second quarter valued at about $119,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.