Brokerages Set Intuitive Machines, Inc. (NASDAQ:LUNR) Target Price at $16.00

by · The Cerbat Gem

Shares of Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.00.

A number of brokerages recently issued reports on LUNR. Deutsche Bank Aktiengesellschaft assumed coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price objective on the stock. Roth Capital set a $20.00 price target on shares of Intuitive Machines in a research report on Friday, March 7th. Benchmark reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday, March 25th. Cantor Fitzgerald lowered their target price on shares of Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, March 25th. Finally, Bank of America initiated coverage on Intuitive Machines in a report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target for the company.

Read Our Latest Report on Intuitive Machines

Intuitive Machines Stock Up 11.2 %

Intuitive Machines stock opened at $8.31 on Thursday. The firm has a 50 day moving average price of $14.46 and a 200-day moving average price of $13.01. Intuitive Machines has a twelve month low of $3.15 and a twelve month high of $24.95. The company has a market capitalization of $1.17 billion, a P/E ratio of -2.83 and a beta of 1.01.

Intuitive Machines (NASDAQ:LUNR – Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. The firm had revenue of $54.66 million during the quarter, compared to analysts’ expectations of $72.58 million. Equities analysts expect that Intuitive Machines will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In related news, insider Steven Vontur sold 9,266 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $22.50, for a total value of $208,485.00. Following the sale, the insider now owns 98,656 shares in the company, valued at approximately $2,219,760. This trade represents a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 73.68% of the company’s stock.

Hedge Funds Weigh In On Intuitive Machines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LUNR. Quarry LP bought a new stake in shares of Intuitive Machines during the 4th quarter valued at about $44,000. Jones Financial Companies Lllp lifted its position in Intuitive Machines by 751.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after purchasing an additional 3,381 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Intuitive Machines in the 3rd quarter worth approximately $85,000. Steward Partners Investment Advisory LLC grew its stake in Intuitive Machines by 201.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after buying an additional 3,300 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Intuitive Machines in the 4th quarter worth $91,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Machines Company Profile

(Get Free Report

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.

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