Intuitive Machines (NASDAQ:LUNR) Price Target Raised to $21.50

by · The Cerbat Gem

Intuitive Machines (NASDAQ:LUNR – Get Free Report) had its price objective lifted by equities researchers at Canaccord Genuity Group from $21.00 to $21.50 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 81.74% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Benchmark restated a “buy” rating and issued a $16.00 target price on shares of Intuitive Machines in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price on the stock. Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $13.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday. B. Riley reiterated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Roth Capital reiterated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.44.

View Our Latest Analysis on LUNR

Intuitive Machines Stock Performance

Shares of LUNR stock opened at $11.83 on Wednesday. Intuitive Machines has a 1 year low of $3.15 and a 1 year high of $24.95. The firm’s fifty day simple moving average is $8.21 and its 200 day simple moving average is $13.09. The firm has a market capitalization of $2.11 billion, a P/E ratio of -4.02 and a beta of 1.32.

Intuitive Machines (NASDAQ:LUNR – Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to analysts’ expectations of $66.07 million. Equities research analysts anticipate that Intuitive Machines will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the transaction, the director now owns 3,494,768 shares in the company, valued at $42,286,692.80. This trade represents a 4.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter Mcgrath sold 37,906 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total value of $292,255.26. Following the transaction, the chief financial officer now owns 438,992 shares in the company, valued at $3,384,628.32. The trade was a 7.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 271,090 shares of company stock valued at $3,106,565 in the last quarter. 73.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LUNR. Vanguard Group Inc. grew its holdings in shares of Intuitive Machines by 9.2% during the first quarter. Vanguard Group Inc. now owns 4,421,279 shares of the company’s stock worth $32,939,000 after purchasing an additional 373,741 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Intuitive Machines during the fourth quarter worth about $33,255,000. Renaissance Technologies LLC grew its holdings in shares of Intuitive Machines by 99.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after purchasing an additional 609,118 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings 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 worth $21,102,000 after purchasing an additional 1,133,581 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 191,733 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

About Intuitive Machines

(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.

Read More