Brokerages Set Intuitive Machines, Inc. (NASDAQ:LUNR) Price Target at $30.50

Intuitive Machines, Inc. (NASDAQ:LUNR) has earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $30.50.

LUNR has been the topic of several recent research reports. Stifel Nicolaus upgraded Intuitive Machines from a “hold” rating to a “buy” rating and cut their price target for the stock from $32.00 to $26.00 in a report on Friday, August 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Friday, July 17th. Cantor Fitzgerald lowered their price objective 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. 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. Finally, Roth Capital set a $30.00 target price on shares of Intuitive Machines in a report on Thursday, August 13th.

Intuitive Machines Stock Up 0.7%

NASDAQ:LUNR opened at $14.81 on Thursday. Intuitive Machines has a 52 week low of $7.78 and a 52 week high of $46.75. The company has a fifty day simple moving average of $15.98 and a two-hundred day simple moving average of $21.72. The company has a market cap of $3.39 billion, a price-to-earnings ratio of -15.59 and a beta of 1.85.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The firm had revenue of $206.17 million during the quarter, compared to analyst estimates of $212.32 million. On average, analysts expect that Intuitive Machines will post -0.6 EPS for the current year.

Insider Buying and Selling

In other Intuitive Machines news, Director William John Liquori, Jr. sold 18,321 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $29.87, for a total value of $547,248.27. Following the sale, the director directly owned 68,875 shares of the company’s stock, valued at approximately $2,057,296.25. This represents a 21.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Steven Vontur sold 3,050 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $16.13, for a total transaction of $49,196.50. Following the completion of the sale, the insider owned 113,997 shares in the company, valued at $1,838,771.61. The trade was a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 12,407,363 shares of company stock worth $165,432,504. Corporate insiders own 54.10% of the company’s stock.

Institutional Trading of Intuitive Machines

A number of institutional investors have recently bought and sold shares of the business. Invesco Ltd. boosted its position in shares of Intuitive Machines by 19.7% during the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock worth $120,000 after acquiring an additional 2,643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Intuitive Machines by 43.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after acquiring an additional 7,528 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Intuitive Machines during the 1st quarter worth about $139,000. Creative Planning lifted its stake in Intuitive Machines by 29.3% during the second quarter. Creative Planning now owns 30,407 shares of the company’s stock worth $331,000 after purchasing an additional 6,886 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Intuitive Machines by 15.3% during the second quarter. Cetera Investment Advisers now owns 18,835 shares of the company’s stock worth $205,000 after purchasing an additional 2,506 shares during the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.